Education, not advice

Guides

Short notes on how published rules read. The IRS is the authority. A help-center article is not.

• sports-betting-taxesSports betting winnings are income.
• gambling-losses-90-percent-limitA published limit on offsetting losses.
• gambling-losses-standard-deductionLosses and the standard deduction.
• gambling-diary-irs-recordsA diary is a list of fields, not a product.
• prediction-market-taxesEvent contracts: treatments named, none chosen.
• form-w-2g-sports-betting-thresholdA Form W-2G is not the edge of reportable winnings.
• w-2g-1099-no-formNo form is not the same as no income.
• gambling-session-vs-per-wagerSession and per-wager are two ways to read a year.
• arizona-gambling-winnings-taxArizona has its own reading of gambling winnings.
• betting-winnings-not-withdrawnA winning you have not withdrawn can still be income.