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 gambling tax professional, Russel Fox[00:42] Form 1099-K[03:59] Gambling winnings as a U.K. resident[08:39] Sports betting partnerships[09:42] Can gambling losses be carried over to future years?[10:46] Session recording for sports betting, related transactions[15:10] Reporting income earned by family members[17:30] Can an EIN be used for W2G's?[18:28] W2Gs for online table games play, session accounting[20:40] State taxes on phantom gambling income, deductions[21:52] Gambling logs, audits[26:17] Horse racing W2G's, 300x rule[28:09] Incorrect SSN on W2G[29:32] Sessions at different casinos[30:40] U.K. and US tax treaty for slot jackpots, lotteries[32:50] Nevada taxe