>I believe Second Life's ToS explicitely states that Linden dollars have no legal value, also trumping any sort of tax law.
Yes, I'm sure Linden Lab's TOS will trump US tax laws, good luck with that.
Clearly income that you turn into real cash will be taxable income. You may be able to deduct direct expenses of playing (cost of the acocunt, etc) from the monies taken out.
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>I believe Second Life's ToS explicitely states that Linden dollars have no legal value, also trumping any sort of tax law. Yes, I'm sure Linden Lab's TOS will trump US tax laws, good luck with that. Clearly income that you turn into real cash will be taxable income. You may be able to deduct direct expenses of playing (cost of the acocunt, etc) from the monies taken out.