FAQ: Taxes on Sports Betting | Tax Prep Advice for Sports Bettors w/ Richard Gartland

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FAQ: Taxes on Sports Betting. Gambling on sport is all fun and games until it's time to pay the tax man. Richard Gartland is here to help with these answers to FAQs about sports betting taxes!
Disclaimer: This presentation is for educational purposes only. Opinions or points of view expressed in this presentation represent the view of the presenter, and does not necessarily represent the official position or policies of the IRS or state revenue departments. Nothing in this presentation constitutes legal advice. The individuals appearing in this presentation, if any, are depicted for illustrative purposes only and are presumed innocent until proven guilty in a court of law.

Richard Gartland has three decades of financial management experience as a CFO and tax preparer. Along with Action Network report Sam McQuillan they do their best to explain How to Pay Taxes on Sports Betting. It's a Sports Betting Taxes Guide!

0:00 - Intro
0:40 - Can You Deduct Losses?
2:27 - When Do You Have To Report?
5:30 - What Is Taxed?
5:50 - State Taxes
9:00 - What Else Do You Need To Know?

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