i have won and lost approx. $25,000 while gambling online plus i will have around $12,000 self employment income this year and almost all of this income was paid through paypal. should i be expecting a tax form from the gambling sites, because the most i won was $1,000 on a single spin? i am afraid of what kind of tax consequences i will have. i have not been keeping good records. can anyone tell me approximately how much i am going to owe?
