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Reporting Gambling Winnings Using Sessions Method
Hi - Below is a screenshot of my 2022 gambling transaction log given to me by Draftkings. I simply added my wins and losses to come up with my net positive wins and losses per session. My total net session wins came out to $227k and my net session losses totaled $388k.
My question is, did I even have to report the $227k net session in wins to the IRS even if my net session losses were $388k? For my 2022 return, I reported $227k (+5k in bonuses) in net session wins and reported gambling losses of up to net session winnings.
I just want to make sure I filled out my return correctly.
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‎December 28, 2023
9:04 PM