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Social Poker Winnings and SSI

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  • 04-25-2014, 06:04 PM
    48Flyer
    Social Poker Winnings and SSI
    If a person on SSI won four thousand dollars in a non casino social poker game and bought a car from a dealership for about that amount. Would it legitimize the car as an exempt asset serve to "pay down" the monetary gain if all this was so reported( the money and car purchase ) to social security within the ten day period rule?
    Now in social poker games unlike casinos there is no paper trail like receipts,SS numbers ect. I want to if social poker winnings are acceptable income on an individuals say so? Would one be in good legal standing,as I have so put forth?
  • 04-25-2014, 06:06 PM
    Disagreeable
    Re: Social Poker Winnings and SSI
    Nope it is reportable. Failure to do so will keep you ineligible until you report it and can result in a massive overpayment.
  • 04-25-2014, 06:14 PM
    Dogmatique
    Re: Social Poker Winnings and SSI
    Y'know, I could've sworn that dancingwiththestars asked this question...
  • 04-25-2014, 06:18 PM
    Disagreeable
    Re: Social Poker Winnings and SSI
    I was thinking the same thing.
  • 04-25-2014, 06:26 PM
    48Flyer
    Re: Social Poker Winnings and SSI
    If you read the post, you would see that it was reported in the situation in question
  • 04-25-2014, 07:07 PM
    Disagreeable
    Re: Social Poker Winnings and SSI
    Quote:

    Quoting 48Flyer
    View Post
    If you read the post, you would see that it was reported in the situation in question

    Which then means they must also pay taxes on the winnings. It should be counted as a resource for the month you had it, thus making you ineligible for one month. It could extend further, if they believe you falsified the report and were given the money. Very possible since you should not have the money to be engaging in high stakes illegal gambling.
  • 04-25-2014, 08:23 PM
    48Flyer
    Re: Social Poker Winnings and SSI
    Social poker is not illegal in many states
  • 04-26-2014, 12:44 AM
    Dogmatique
    Re: Social Poker Winnings and SSI
    Since you didn't bother to tell us which state you're in....
  • 04-26-2014, 05:09 AM
    llworking
    Re: Social Poker Winnings and SSI
    Quote:

    Quoting Disagreeable
    View Post
    Which then means they must also pay taxes on the winnings. It should be counted as a resource for the month you had it, thus making you ineligible for one month. It could extend further, if they believe you falsified the report and were given the money. Very possible since you should not have the money to be engaging in high stakes illegal gambling.

    Its actually unlikely that in the end that 4k would be taxed unless the OP has other taxable income, which is again unlikely if they are on SSI. Standard deductions and personal exemptions would wipe in out on the federal level and on most state levels as well.
  • 04-26-2014, 05:15 AM
    Lehk
    Re: Social Poker Winnings and SSI
    well you can argue at the administrative appeal that $4000 is "social poker"

    you probably will not be successful, because it's obviously BS
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