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Could IRS subpoena all Fanduel payouts?

Was thinking about how the new rules say you can only deduct...
Wonderful Set
  01/10/26
90% of people using sites like FanDuel don't deduct any of t...
Emerald community account space
  01/10/26
But do they report their winnings?
Wonderful Set
  01/10/26
Brej, ljl
Emerald community account space
  01/10/26
wouldn't fanduel issue a 1099 for anyone with significant wi...
Soul-stirring slap-happy candlestick maker
  01/10/26
Yeah. Most of those people report. But the vast majority...
Emerald community account space
  01/10/26
But you don't really need significant winnings right? Let's ...
Wonderful Set
  01/10/26
I'm sure all 20 remaining IRS agents are on this
racy chocolate lay
  01/10/26
...
Hyperventilating main people
  01/11/26
...
Emperor CRISPR Chad von Neumann III
  01/11/26


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Date: January 10th, 2026 10:26 PM
Author: Wonderful Set

Was thinking about how the new rules say you can only deduct 90% of your losses.

I'm guessing less than 5% of users will report taxes correctly. Could Bessent be a prick and ask for all their records and prosecute them all?

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579967)



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Date: January 10th, 2026 10:28 PM
Author: Emerald community account space

90% of people using sites like FanDuel don't deduct any of their losses.

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579972)



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Date: January 10th, 2026 10:29 PM
Author: Wonderful Set

But do they report their winnings?

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579974)



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Date: January 10th, 2026 10:32 PM
Author: Emerald community account space

Brej, ljl

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579980)



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Date: January 10th, 2026 10:32 PM
Author: Soul-stirring slap-happy candlestick maker

wouldn't fanduel issue a 1099 for anyone with significant winnings?

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579981)



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Date: January 10th, 2026 10:34 PM
Author: Emerald community account space

Yeah. Most of those people report.

But the vast majority of people do not win enough to get to a 1099

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49579985)



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Date: January 10th, 2026 11:04 PM
Author: Wonderful Set

But you don't really need significant winnings right? Let's say someone bets $200 a week and they end up at 0. So they bet $10,000 and own $10,000.

Now they'd have $1,000 in taxable income...

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49580060)



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Date: January 10th, 2026 11:26 PM
Author: racy chocolate lay

I'm sure all 20 remaining IRS agents are on this

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49580105)



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Date: January 11th, 2026 3:03 AM
Author: Hyperventilating main people



(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49580284)



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Date: January 11th, 2026 12:32 PM
Author: Emperor CRISPR Chad von Neumann III



(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310764#49580823)