withdrew 15k to bank account and spent over 10k, how do I file tax?

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  • benkyoq
    SBR Rookie
    • 01-15-15
    • 25

    #1
    withdrew 15k to bank account and spent over 10k, how do I file tax?
    Online sports betting is my only income and I don't want to get audited so I'm willing to pay taxes.

    Do I report 15k winnings as total income for the whole year? or do I need to file something like 25k winnings and 10k losses (based on what I read from Google).
  • Bill Dozer
    www.twitter.com/BillDozer
    • 07-12-05
    • 10894

    #2
    You should probably call a CPA and explain how the money left your account. It's worth the small fee for the advice or ever to have your taxes done.
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