1. #1
    Bardownbums86
    Bardownbums86's Avatar Become A Pro!
    Join Date: 12-13-16
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    W-2G & The IRS

    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
    big joe 1212
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    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

  3. #3
    SBR Tony
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    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.

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