1. #1
    Bardownbums86
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    Join Date: 12-13-16
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    Betpoints: 180

    W2g irs odds

    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.

  2. #2
    Bardownbums86
    Bardownbums86's Avatar Become A Pro!
    Join Date: 12-13-16
    Posts: 46
    Betpoints: 180

    Also for those that itemize their taxes, how do you keep tabs on losses? Will a journal suffice? Or do they need receipts/statements.

    Thanks for the help

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