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Gambling With an Edge - Mail Bag 9/6/2021

Gambling With an Edge

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Blackjack Does Not Issue W2Gs

There are no W2Gs on blackjack, unless you hit a side bet or something like that. The other option is they pay you in cash, which does get reported to the IRS and Justice Department. So assuming you're not hiding your identity, these cash transaction reports, CTRs, are nothing really to fear.

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