Gambling With An Edge

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. Show Notes[00:00] Introduction of Russell Fox, tax expert from Clayton Tax[01:02] What's going to be in the next tax law?[02:09] Has the pandemic affected Russell's professional life?[03:02] Do Canadian poker players owe income tax?[05:14] Can YouTubers deduct gambling losses in excess of winnings?[06:30] Have the tax implications on DFS changed?[12:27] Taxation of credit card rewards redemption[12:51] Process of reporting winning for a recreational advantage player[18:06] How is travel time handled if IRS questions full-time gambler status?[18:52] Lost or misplaced W2Gs[20:58] Is it better to file as a professional gambler if you're a slot AP with many W2Gs?[22:29] What are the acceptable ways for an amateur to d