Anyone have tax info with draftkings?

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User592150 · Answer

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OverAmbassador · Answer

humble brag?&#xA; &#xA;Just kidding. Great hit man. What was the lay?

royboymiami · Answer

i believe your form would come back saying earnings 3500 losses 5000. but I am not sure

User792729 · Answer

Dort&#x27;s contract is insane. Bench players on the Cavs make more them him.

JoeyMargs · Answer

Draft kings sends you the tax form with only win/loss +- so in theory right now you would be claiming on your taxes that you lost $1500.00

First deposit: -$5,000

wins: +$3500

losses you can claim: $1,500

you only pay the taxes on winnings over those deposits. You can actually look at your +- on the DK app under account management I believe

User592150 · Answer

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Kodack81 · Answer

You can only claim loses that are equal or less than your winnings. If you win 100k and lose a 100k and have documentation its almost a wash. You can not claim more money lost than what you win. I won 30k in slots one year and claimed 30k in loses and only had to pay a extra $100 in taxes. Just make sure to have documentation of loses in case of audit.

Anyone have tax info with draftkings?

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