1. #1
    benkyoq
    benkyoq's Avatar Become A Pro!
    Join Date: 01-15-15
    Posts: 25
    Betpoints: 1432

    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).

  2. #2
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
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    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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