Tax for Recreational Sports Bettors

I was invited by Gina Fiore from Unabated Sports to discuss the tax implications of filing as a recreational sports bettor. We discussed:

  • How to best document your results

  • Tax forms you may receive

  • Betting with partners

  • Tax treatment of bonuses

  • Considerations when betting using cryptocurrency

  • State tax considerations

  • Common filing mistakes and misconceptions

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Year-End Tax Tips for Gamblers

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IRS Clarifies 1099-K Threshold for 2023 & 2024