@Mike9241 wrote:
.....if I'm correct and if you are not a professional gambler then the bad news is any gross winnings would be reported on page 1 of 1040 and any losses would be an itemized deduction. gambling losses would only produce a tax benefit if you can itemize. if gambling, the fees would also be an itemized deduction. the amount of fees and losses that can be deducted are limited to your gambling winnings.
Except it is rather difficult to figure how what @imnion (the original poster) described could possibly be treated as a gambling loss. After all, it was a fee charged by the firm making the market, not an actual loss that resulted from a bet that went against the bettor.
