Crypto Casino Win
I have never had to worry about paying taxes on crypto before. I just won 100k from a crypto casino, how do I go about paying taxes? What do I claim this as? Is there a way to not pay a lot of taxes on it? What do I put for how I received it? Do I claim it as a gift? Any and all advice helps please. I am hoping I can pay low amount of tax on this win, I live in the US if that makes any difference. Has this happened to anyone before, please let me know. I donβt really know what else to put Iβm here because it has to be 500 characters but Im just asking a small question that is why I am stretching this out. But please send me any advice on what to do, it would really help me out. Thank you.
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