Originally Posted by smurgerburger View Post
Originally Posted by accountinquestion View Post
Originally Posted by smurgerburger View Post
I have experienced, and know several others who have experienced, the same thing with the IRS.

You can actually contest it successfully by argument, as I did.

But going forward the better approach is to declare a net win equal to (or above as Max suggested) the W2G amount, and then whatever you need for the loss.

Of course if you're not filling as a professional and you were planning to take the standard deduction you're going to lose that.
Meaning you didn't declare enough losses to cover your W2G wins?
Correct.

ETA I misread your posts. Meaning my declared gambling win was less than my total w2g amounts.
Was this an official audit? Do they send out some probing letter?

That is incompetence at best... why even waste their time. Unless you have some single W2G for a large amount then this is a complete waste of time for both sides.

It is stuff like this that sends people to the anti-government right.