Do any of the online gambling sites issue a W2-G for tax purposes in the USA?

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Do any of the online gambling sites issue a W2-G for tax purposes in the USA?

2006-08-09 11:07:41 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

3 answers

Probably none. Running an online gambling site is technically illegal in the US, so it would be surprising to find any that comply with IRS requirements.

2006-08-09 11:35:39 · answer #1 · answered by BigD 2 · 0⤊ 0⤋

Yes, if you cash out they will issue a W2-G. Not all the sites, but some do. I saw one this past year...can't remember the site.

2006-08-10 03:51:22 · answer #2 · answered by taxchicky 1 · 0⤊ 0⤋

BigD is right. Issuing a W2-G would be a confessing to a crime.

2006-08-09 21:20:57 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋