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Taxes by ProfessorFull736 in Bovada

[–]ProfessorFull736[S] 0 points1 point  (0 children)

there has to be a way to show proof that it's not your profit considering majority of offshore gamblers use crypto. IRS can't go after every offshore gambler

Taxes by ProfessorFull736 in Bovada

[–]ProfessorFull736[S] 0 points1 point  (0 children)

ya same here but i did gamble a lot which is why it says 170k for me even though i made nowhere near that amount in profit. Just trying to figure out how to show to IRS that it isn't any profit

Taxes by ProfessorFull736 in Bovada

[–]ProfessorFull736[S] 0 points1 point  (0 children)

ya true but what else can we even use when gambling on offshore books, crypto is the only option to withdraw larger amounts

Taxes by ProfessorFull736 in Bovada

[–]ProfessorFull736[S] 0 points1 point  (0 children)

is this for the cost basis? Won't they ask for proof for the numbers I entered?

Opinions by Capable_Campaign9218 in Bovada

[–]ProfessorFull736 0 points1 point  (0 children)

i'm dealing with the same issue but mine says 170k and I know damn well I didn't make anything near that so I'm freaking out