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September 27, 2022
Question

Daily Fantasy Sports and the IRS

  • September 27, 2022
  • 1 reply
  • 0 views

The IRS meMo in 2020 determined Daily Fantasy Sports are wagering. 

if this is the case, why are DFS providers allowed to report NET on 1099s that the taxpayer then reports as NET on the return?

 

 

    1 reply

    Employee
    September 27, 2022
    September 27, 2022

    Thanks for the response but that doesn’t answer the question .