\
  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...
rose cumskin
  01/10/26
90% of people using sites like FanDuel don't deduct any of t...
Bistre Corner Associate
  01/10/26
But do they report their winnings?
rose cumskin
  01/10/26
Brej, ljl
Bistre Corner Associate
  01/10/26
wouldn't fanduel issue a 1099 for anyone with significant wi...
Amethyst adventurous cuckold
  01/10/26
Yeah. Most of those people report. But the vast majority...
Bistre Corner Associate
  01/10/26
But you don't really need significant winnings right? Let's ...
rose cumskin
  01/10/26
I'm sure all 20 remaining IRS agents are on this
chestnut free-loading parlor
  01/10/26
...
Flesh haunting double fault chapel
  01/11/26
...
Bateful brilliant market
  01/11/26


Poast new message in this thread



Reply Favorite

Date: January 10th, 2026 10:26 PM
Author: rose cumskin

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).#49579967)



Reply Favorite

Date: January 10th, 2026 10:28 PM
Author: Bistre Corner Associate

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).#49579972)



Reply Favorite

Date: January 10th, 2026 10:29 PM
Author: rose cumskin

But do they report their winnings?

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



Reply Favorite

Date: January 10th, 2026 10:32 PM
Author: Bistre Corner Associate

Brej, ljl

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



Reply Favorite

Date: January 10th, 2026 10:32 PM
Author: Amethyst adventurous cuckold

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

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



Reply Favorite

Date: January 10th, 2026 10:34 PM
Author: Bistre Corner Associate

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).#49579985)



Reply Favorite

Date: January 10th, 2026 11:04 PM
Author: rose cumskin

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).#49580060)



Reply Favorite

Date: January 10th, 2026 11:26 PM
Author: chestnut free-loading parlor

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

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



Reply Favorite

Date: January 11th, 2026 3:03 AM
Author: Flesh haunting double fault chapel



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



Reply Favorite

Date: January 11th, 2026 12:32 PM
Author: Bateful brilliant market



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