Episode 41 You LOST money gambling…but still OWE the IRS?
Nov 09, 03:33 PM
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In this episode of the Color Up Podcast, hosts Jeremy and Jim, also known as The Professor, delve into the changes in tax laws and their potential impact on gamblers. From discussions on W2-G forms to the broader implications for small-time players and professional gamblers alike, the hosts explore how the new 90% deduction cap on gambling losses could affect the gaming community. They also touch on the prevalence of slot machine wins, personal gambling experiences, and the potential for legislative changes. Tune in for an engaging conversation on how tax reforms may reshape the casino landscape!
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The opinions in this podcast are not guaranteed or warranty to produce any particular result. This podcast is for informational and entertainment purposes only. Any form of gambling carries an inherent risk. Never gamble with money you cannot afford to lose. Anyone who believes they, or someone they know, may have a gambling addiction, please seek help.
National Problem Gambling Helpline 1-800-522-4700 Call Text or Chat NCPGambling.org
Get a free beginner craps video course
https://www.colorup.club/learntoplay
Considering joining the Color Up Club
https://www.colorup.club
The opinions in this podcast are not guaranteed or warranty to produce any particular result. This podcast is for informational and entertainment purposes only. Any form of gambling carries an inherent risk. Never gamble with money you cannot afford to lose. Anyone who believes they, or someone they know, may have a gambling addiction, please seek help.
National Problem Gambling Helpline 1-800-522-4700 Call Text or Chat NCPGambling.org