Re: Help me out with the new wagering IRS rules (210 Views)
Posted by: Tavasco (IP Logged)
Date: October 08, 2025 08:07PM
Socalman3 Wrote:
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Your points about churn are valid imho but there is not an intelligence pre-requisite for lawmakers so we end up with stupid laws and regulations.
(b) accept the change and then
> adapt to the new world (for me, this means only
> playing in a format that leaves no record, or only
> playing tournaments
I want to add technically it is the taxpayers responsibility to report winnings from gambling. Whether it came from a tournament or live at the track.
Yet regarding ADW's only U.S. based ADW's are required to provide W-2's. Offshore ADW's have no such requirement and do not. I repeat - do not report winnings which are available in crypto and can be anonymous as well as accessed via VPN.
Wondering how many of us can expect EOY W-2'for our 2025 action?
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Your points about churn are valid imho but there is not an intelligence pre-requisite for lawmakers so we end up with stupid laws and regulations.
(b) accept the change and then
> adapt to the new world (for me, this means only
> playing in a format that leaves no record, or only
> playing tournaments
I want to add technically it is the taxpayers responsibility to report winnings from gambling. Whether it came from a tournament or live at the track.
Yet regarding ADW's only U.S. based ADW's are required to provide W-2's. Offshore ADW's have no such requirement and do not. I repeat - do not report winnings which are available in crypto and can be anonymous as well as accessed via VPN.
Wondering how many of us can expect EOY W-2'for our 2025 action?
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