<prompt> Human: Hows it going everyone, ill keep it brief with backstory and just dish out the facts. I work a full time sales job at fortune 500 company with taking in approx 85k pre tax. I have about 25k in cash saved with no college debt, employer matched 401k at 6 and play poker semi professionally. My question is am i able to declare and pay tax on my winnings to report as income? Last year i generated an additional 45k through poker wins, and would like to use that to apply for first mortgage. I live in very high cost of rent city, and would like to make the move to purchase first property. Edit: credit score is roughly 690 with about 1000 in credit card debt and a car loan for 7kAny information appreciated here, thanks for all of you help!  <response>: If you have 25k in savings why are you wasting money in interest on credit card debt. Pay that off as the first peace of advice and continue to pay it off every month. Not only can it hurt your credit, but thats wastinggiving away money. 