Fault

@ck10DFS @DrezyPlays Correct. A lot of people think gifts are taxed because they need to file a tax return. Just wanted to clarify.

@ChefCurryWithD1 @DrezyPlays Yes but then just need to file a gift tax return if it’s all done in one calendar year and over the yearly limit.

Your friend gives you $3000 to gamble.. You hit a max win for $100,000 How much are you sending them back?

@ck10DFS @DrezyPlays Tax free regardless assuming you’re never gifting this friend millions

@DrezyPlays 19,000. Gift tax limit without having to file a separate tax return. Tax free for them.

@DrezyPlays 🥶🥶🥶

THIS PLAY SHOULD BE EASY… ‼️Gonzaga is by far better than this Texas team. They got an easy win first and second round. This is where their journey ends‼️ -Gonzaga -5.5 YES @ 54%- 20 ❤️’s and I’ll drop my wake and cash on Twitter as well!

@DrezyPlays Cold AF 🥶

☢️KALSHI NUKE SLIP☢️ ‼️Boys, I’m slamming Kentucky First half ML @ 52% which is double money. They should get an early lead and how March goes is why I’m taking first half‼️ 25 ❤️’s and I’ll drop another NUKE for CBB for yall!!!

@forestmanjohn @Jamie_R_Miller I ended up getting it about ten hours after signing up

@Jamie_R_Miller hey Jamie, sorry that you haven’t seen your confirmation email. Have you checked your spam?

I have not received my confirmation email for reservation yet, but that’s OK… super excited about replacing my eight year-old Moccamaster

@UnstableGambler @trippyytulip @Tekeee You’re both wrong lol

@trippyytulip @Tekeee No, it's a rebuy from the time you sell, up to 30 days. Get educated.

If you buy Bitcoin at $126,000 and it goes to $68,000 you can sell it and buy it back 6 seconds later you still have the same one Bitcoin But you can realize a capital loss of $58,000 for tax purposes

@budlight #BudLightKegCash

The keg cash is calling. Comment #BudLightKegCash for a chance to win money for a keg for your #SBLX party

@Pricerrors picked one up and some thermal labels!

@budlight @thedealsguy_ #BudLightKegCash #Sweepstakes

Some call it beer money. We call it keg cash. Want some? Comment #BudLightKegCash & #Sweepstakes for a chance to win keg money for your #SBLX party

@MWPutters Could you check DMs please

Vols & Tigers - SEC needs to get it together B1G is dominating

@HeyKidMove @Jscjk1980 @Miamifinzfan @DavidCBets I know. Exactly my point lol

@ChefCurryWithD1 @Jscjk1980 @Miamifinzfan @DavidCBets There is a place to put in gambling winnings. But you don't get loss deductions, you have to itemize to take deductions. Most people wouldn't put anything in without getting a W2-G, but the law is all winnings are reported regardless of amount won.

Not enough people know that legal sports gambling died today They swept this HARD under the rug. Gonna be a lot of unhappy people come tax season next year.

@MWPutters @therealmcnair Could you check DMs please

Take me back to the land of milk and honey @therealmcnair

@Jscjk1980 @Miamifinzfan @DavidCBets Please enlighten me. How is gambling income is taxed when you claim the standard deduction?

@ChefCurryWithD1 @Miamifinzfan @DavidCBets It’s true you don’t know what you’re talking about

@BillsMfia716 @infosoaker30 @Miamifinzfan @DavidCBets Thank you. Scary how many people throw out incorrect info on here.

@infosoaker30 @ChefCurryWithD1 @Miamifinzfan @DavidCBets I think you mean cite “dumbass” and hes right not you. The 90% part isn’t relevant but if you take standard deductions you claim 100% of winnings as income but get 0 additional tax write offs.

@Miamifinzfan @DavidCBets This is not true.

@DavidCBets Have to itemize deductions for it to matter. Most normal people use standard deductions.

@johnnieO Brown!

Another Monday giveaway — this time we’ve got 2 suede vests up for grabs. Just comment which color you want. I’ll pick two of you tomorrow

@wesleybryangolf @bobdoessports @GrantHorvatGolf @bryanbrosgolf Home run derby

Everything Except Golf Battle….. Grant, George, Wesley, Cam, Carnhy, Sky vs Bob, Joey, FP, Jet, Ticket, J Bone What events should we do? Who wins? Next @bobdoessports x @GrantHorvatGolf x @bryanbrosgolf collab?

@DrezyPlays Of course it’s the first one I was able to tail 😂

First loss of the series.. Louisville ends with 24% 3 point shooting:( New Twitter Record: 9-1 🤑I’ll be back tomorrow with some more Kalshi Picks. Up over 85 units in past week!🤑

@GorillaMask_ @RamsLegendFoles @riostoriches Generally agree, but not anymore - look at the OBBBA. Can only deduct 90% of losses.

@RamsLegendFoles @riostoriches Taxes are only on profits, you subtract the losses.

Infinite Money Glitch: You can make a certain amount of free money arbitraging Kalshi and Polymarket against each other Ex: Will Andrew Cuomo be mayor? Yes = 6.3 cents on Kalshi (“$14,367) No = 92 cents on Polymarket ($13,044) Bet on both and you win every single time

@CFAPeachBowl For my wife!

To celebrate 100 days from the #CFAPeachBowl, we’re giving away a $100 Chick-fil-A gift card! Like + repost and comment who you’d buy CFA for to enter.