\
  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...
cheese-eating galvanic hunting ground
  01/10/26
90% of people using sites like FanDuel don't deduct any of t...
Razzle-dazzle Heaven
  01/10/26
But do they report their winnings?
cheese-eating galvanic hunting ground
  01/10/26
Brej, ljl
Razzle-dazzle Heaven
  01/10/26
wouldn't fanduel issue a 1099 for anyone with significant wi...
Irradiated Startled Box Office
  01/10/26
Yeah. Most of those people report. But the vast majority...
Razzle-dazzle Heaven
  01/10/26
But you don't really need significant winnings right? Let's ...
cheese-eating galvanic hunting ground
  01/10/26
I'm sure all 20 remaining IRS agents are on this
glittery cordovan feces
  01/10/26
...
maize patrolman
  01/11/26
...
Pearly pea-brained gunner church
  01/11/26


Poast new message in this thread



Reply Favorite

Date: January 10th, 2026 10:26 PM
Author: cheese-eating galvanic hunting ground

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: Razzle-dazzle Heaven

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: cheese-eating galvanic hunting ground

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: Razzle-dazzle Heaven

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: Irradiated Startled Box Office

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: Razzle-dazzle Heaven

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: cheese-eating galvanic hunting ground

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: glittery cordovan feces

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: maize patrolman



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



Reply Favorite

Date: January 11th, 2026 12:32 PM
Author: Pearly pea-brained gunner church



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