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Thread: Tax question
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Old 09-30-2022, 05:06 PM   #8
toddbowker
Todd Bowker
 
Join Date: Oct 2005
Posts: 152
ADW's do not report your entire wagering history to the IRS. We only report tickets which qualify for reporting or withholding, which since the tax interpretation change in 2017, rarely happens anymore. We file those electronically, so the IRS has all of them in their system to compare to what you claim.

If subpoenaed, we would have to turn over the entire betting records, but in 7 years at AmericaTab and 12+ years at PTC, I've never had it happen.

I designed our Account History reporting tools at AmericaTab and PTC to allow for a customer to download all of their transactions to a data file to make things easier for audit purposes.
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