Gambling With an Edge cover image

Russell Fox 8/4/2022

Gambling With an Edge

00:00

The IRS Does Not Think Logically and They Always Have Their Hands Out

If you're using PayPal or any similar service to move money back and forth, you need a log of those transactions and a gambling log. It's the only way you'll be able to prove to the IRS that that wasn't income. If a W2G is issued on a Native American casino, such as Harris Rincon, currently called Harrison in California, is this considered income earned in the state of California for non-residents of California who may or may not have California income of other types? Or is this consideredincome from another country? This is another it depends situation.

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