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Old 02-10-2005, 11:42 AM
Soul Daddy Soul Daddy is offline
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Join Date: Oct 2004
Location: Hurricanes, animal corpses and your potential new tattoo have a lot in common. Think about it.
Posts: 463
Default Re: General Tax Question

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In the U.S., gambling winnings are taxable income. Losses are deductible to the extent of winnings. I report every penny.

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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
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