Sports Betting Taxes | Discussion with a CPA

[@ramblinman123]

When reporting your year end winnings do you include the wager in that number? I am seeing a lot of websites saying that you’re supposed to, but that doesn’t make much sense at all when it comes to sports betting

[@kypplays1720]

This is also my question, I've looked everywhere and that's what it says but how does that even make sense. Hoping someone will give us an answer.

[@OddsJam]

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[@Leflare97]

In the video they mentioned they where from IL. Any recommendation with a tax firm/accountant/cpa that knows about how to report sportsbook wins in IL? I'm currently up a decent bit and I'd like to be prepared for next years tax season with someone.

[@OddsJam]

Thanks For The Comment!
Also, you can schedule an appointment at any time with us below!
Schedule Below:
calendly.com/oddsjam-mike/20min
calendly.com/randall-oddsjam/15min
calendly.com/oddsjamryan/meeting
calendly.com/boblo/20min
calendly.com/matthew-666/15

[@therock8288]

Any advice on a tax firm or person in New Jersey that specializes in sports betting taxes.

[@OddsJam]

Email us [e-mail]. Happy to help.

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