Re: General Tax Question
[ QUOTE ]
In the U.S., gambling winnings are taxable income. Losses are deductible to the extent of winnings. I report every penny.
[/ QUOTE ]
Do I need a W2 or some other form from the sites that I use? Do I need to report winnings from each site separately, or is it basically a "This is how much I netted this year from gambling" line item?
Thanks again
|