\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Could IRS subpoena all Fanduel payouts?

Was thinking about how the new rules say you can only deduct...
Judgmental home hominid
  01/10/26
90% of people using sites like FanDuel don't deduct any of t...
Maize Mentally Impaired Pisswyrm Lettuce
  01/10/26
But do they report their winnings?
Judgmental home hominid
  01/10/26
Brej, ljl
Maize Mentally Impaired Pisswyrm Lettuce
  01/10/26
wouldn't fanduel issue a 1099 for anyone with significant wi...
Chocolate self-centered library philosopher-king
  01/10/26
Yeah. Most of those people report. But the vast majority...
Maize Mentally Impaired Pisswyrm Lettuce
  01/10/26
But you don't really need significant winnings right? Let's ...
Judgmental home hominid
  01/10/26
I'm sure all 20 remaining IRS agents are on this
Bull headed goal in life
  01/10/26
...
Dun Heaven Marketing Idea
  01/11/26
...
bespoke locus
  01/11/26


Poast new message in this thread



Reply Favorite

Date: January 10th, 2026 10:26 PM
Author: Judgmental home hominid

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=5310906#49579967)



Reply Favorite

Date: January 10th, 2026 10:28 PM
Author: Maize Mentally Impaired Pisswyrm Lettuce

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=5310906#49579972)



Reply Favorite

Date: January 10th, 2026 10:29 PM
Author: Judgmental home hominid

But do they report their winnings?

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310906#49579974)



Reply Favorite

Date: January 10th, 2026 10:32 PM
Author: Maize Mentally Impaired Pisswyrm Lettuce

Brej, ljl

(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310906#49579980)



Reply Favorite

Date: January 10th, 2026 10:32 PM
Author: Chocolate self-centered library philosopher-king

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=5310906#49579981)



Reply Favorite

Date: January 10th, 2026 10:34 PM
Author: Maize Mentally Impaired Pisswyrm Lettuce

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=5310906#49579985)



Reply Favorite

Date: January 10th, 2026 11:04 PM
Author: Judgmental home hominid

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=5310906#49580060)



Reply Favorite

Date: January 10th, 2026 11:26 PM
Author: Bull headed goal in life

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=5310906#49580105)



Reply Favorite

Date: January 11th, 2026 3:03 AM
Author: Dun Heaven Marketing Idea



(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310906#49580284)



Reply Favorite

Date: January 11th, 2026 12:32 PM
Author: bespoke locus



(http://www.autoadmit.com/thread.php?thread_id=5820609&forum_id=2\u0026mark_id=5310906#49580823)