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If I report the W2G and 1099K, will I be taxed twice?
You might be able to deduct the $6000 in losses if you itemize your deductions, but if you take the standard deduction, you can't deduct your losses and you pay income tax on the extra $10,000 of income.
Online sportsbooks, including BetMGM and DraftKings launched in early 2021.
Georgia's legislative session concluded early Thursday morning, and HB 237 wasn't even discussed by the Senate.