Quote Originally Posted by gilchristr View Post
"Isn't it standard practice here for buyers to mark our payments as gifts/F&F?"

Form over substance. You do not get a pass on paying tax simply because a payment is "marked" as friends and family. The true nature of the transaction is what controls. While this might not sound cool, you should pay the taxes you owe, and not cheat
Taxes i owe? Hmm I received a good amount of money from people but put almost all of it back in the game. Should I pay taxes on that or just what I came out ahead. Where does it get figured out? There is a fine lone between paying and cheating. Also the government fkng sucks taxing everything. That's not how it was supposed to be.