W-2G & The IRS

[Bardownbums86]

I’ll throw my disclaimer out in the beginning, I have all 13 of my w-G’s ready to go and I am reporting all of them... However, I have a question.

I work an average American blue collar job, I’m a electrical lineman making $60-65,000 a year. I love to gamble when I can, and it’s mostly in casinos and Daily fantasy. Most of my w-2g’s are from slots with 3 of them from Fanduel. Roughly about $40,000 worth of w-2gs in total.

Just curious as what the odds would be if I were not to claim all of them, let’s say just a couple. Would I be audited automatically? From what I read, it’s usually 3-5% of people that get the Audit.

[big joe 1212]

You will get picked up for audit on the “tape match”

Just like if you had a few jobs and you didn’t report one of your W-2’s

That 3-5% you’re talking about is just an overall number. People who don’t report W-2 income are almost always picked up

[SBR Tony]

you can offset some of those winnings with losses, if you have any.
but I wouldn't just pick and choose what to turn in.