He Won $40,000 Online and Lost Every Dollar Back. He Broke Even Everywhere Except One Line of His Tax Return.
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The post He Won $40,000 Online and Lost Every Dollar Back. He Broke Even Everywhere Except One Line of His Tax Return. appeared first on 24/7 Wall St..
Picture a retired man in his early 70s who plays online poker and bets on sports casually. Over the year, his $40,000 in gambling winnings are matched by $40,000 in losses. His account ends where it started, so he files his return expecting no tax impact.
Instead, he owes more than the year before. Part of the surprise is sitting on the line for
Picture a retired man in his early 70s who plays online poker and bets on sports casually. Over the year, his $40,000 in gambling winnings are matched by $40,000 in losses. His account ends where it started, so he files his return expecting no tax impact.
Instead, he owes more than the year before. Part of the surprise is sitting on the line for
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