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Show Notes

[00:00] Introduction of Russel Fox from Clayton Tax Services

[00:37] Tax implications of sports betting in different states

[03:14] Splitting a...See More large DFS jackpot

[04:17] Reporting recreational horse player income

[07:40] Shared sports betting at online sites

[08:47] FBAR

[11:13] Crypto and FBAR

[12:15] RV expenses

[14:46] Paypal reporting transactions, 1099-K

[17:08] Group slot pulls

[20:03] W-2 G from a Native American casino

[23:23] Gambling partnerships

[25:22] Cherokee North Carolina winnings

[27:08] https://SouthPointCasino.com

[28:00] https://BlackjackApprenticeship.com

[28:31] https://VideoPoker.com/gwae

[29:21] Withholding SSN on W-2 G

[31:40] Tax liability for WSOP Main Event

[34:54] Deducting gambling losses

[36:29] Filing as a professional for part of the year

[37:15] S-corp for professional gamblers

[42:12] Frequently overlooked tax deductions

[43:15] Constructive receipt

[45:00] Taxes and beard accounts

[49:56] Recommended: Blood and Treasure by Bob Drury and Tom Clavin, Something Missing by Matthew Dicks, For Good and Evil by Charles Adams

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Guest Links:

Claytontax.com

Tax Help For Gamblers - https://amzn.to/3P1sSEM

Recommended:

Blood and Treasure by Bob Drury and Tom Clavin - https://amzn.to/3zWFkkA

Something Missing by Matthew Dicks - https://amzn.to/3P1cjsv

For Good and Evil by Charles Adams - https://amzn.to/3zTV5Jc