Thanks for your reply. I've never really done any gambling before so this is all new to me. I don't really plan on doing any more because I don't want my taxable income to go up. So does that mean with gambling at a casino/resort, they'd only make you file a W2-G if the winning amount was over $600 at a single time? I had a feeling what I bet wouldn't really matter since I don't itemize, so I haven't kept track of it. When you say the 1099k may not report what is required, what do you mean by that? Also, I just got to thinking about it and if the new threshold for PayPal transactions is $5000 to report, I may not even get a 1099k?
I guess I'll have to make sure to keep track of all the winnings myself just in case, so I have the correct number to report even if I don't get a tax form.
