Hi guys,
I remember we had a discussion on this before however I can not find the thread.
2006 overall I won 10411.26 and lost 8379.4 = +2031.86.
How would I go about claiming that on my taxes? Also the sportsbook did not send me a form to fill out - do they usually or not? I have never received one before.
Also what is the best way to avoid an audit from the IRS - if they see I have won over 10k would that raise a red flag to them?
Thanks again for the help.
<table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table> <table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table> <table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table>
I remember we had a discussion on this before however I can not find the thread.
2006 overall I won 10411.26 and lost 8379.4 = +2031.86.
How would I go about claiming that on my taxes? Also the sportsbook did not send me a form to fill out - do they usually or not? I have never received one before.
Also what is the best way to avoid an audit from the IRS - if they see I have won over 10k would that raise a red flag to them?
Thanks again for the help.
<table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table> <table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table> <table x:str="" style="border-collapse: collapse; width: 48pt;" border="0" cellpadding="0" cellspacing="0" width="64"><col style="width: 48pt;" width="64"><col> <tbody><tr><td class="xl24" style="height: 12.75pt; width: 48pt;" x:num="" align="right" height="17" width="64">10411.26
</td> </tr></tbody><tr style="height: 12.75pt;" height="17"></tr></table>