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Matt
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Matt
@ShowtimePatty
Friday beers enthusiast | @NYKnicks | @chiefs | @yankees |
Katılım Ağustos 2018
1K Takip Edilen758 Takipçiler
Matt retweetledi

@crazyivan24 @Benny_Lapdance @kNiely This isn’t exactly news — you wanna live in the land of the free, you’ll pay the price to do so
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@Benny_Lapdance @ShowtimePatty @kNiely In Canada 🇨🇦 and most countries, gambling winnings aren’t tax.
I thought America is the land of the free…
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@Benny_Lapdance @kNiely That’s ridiculous, and salt on the wound to bettors who play in states like CT, where they don’t allow for ANY deduction. Can only hope amendments are made before it takes effect in 2026
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@ShowtimePatty @kNiely They changed the ability to deduct 100% of gambling losses. Now you can only deduct 90% of losses. So in my example instead of being able to deduct 12.7M I would now only be able to deduct 11.4M.
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@Benny_Lapdance @kNiely In all seriousness, what does the BBB change in terms of realized winnings? Can you no longer offset with itemized deduction?
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@ShowtimePatty @kNiely All gambling winnings (along with losses) are to be reported on one’s taxes, not just those that come from W2Gs. Common misconception.
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@Benny_Lapdance @kNiely But doesn’t the W2-G only report wins over a specific $ amount? Or is this apart of the change due to BBB?
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@kNiely Treating every individual hand, slot spin, and sports bet as a single session this is how the taxes would work. This is not satire.
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Matt retweetledi

PICTURES ONLY B/S/T 🧵
-No prices, No Problem
-Ask/Offer if you like a card
-More than 1 card? Post as many pics in a single post as possible
-No links
-Rotate what you post!
RT’s appreciated! More 👀, More 💰!
#THFpro .
GIF
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