DFS and tax issues for players and operators
Legal Sports Report

Daily Fantasy Sports And Filing Taxes

Fantasy Sports Taxes

Do you play daily fantasy sports? Do you need help figuring out how to file your winnings and losses for taxes on daily fantasy sports?

Tax expert Brad Polizzano is a tax manager with the accounting firm Baker Tilly Virchow Krause, and has many of the answers DFS players are looking for.

In a four-part series for LSR, Polizzano breaks down the key issues facing daily fantasy sports players – and operators – come tax time. Review the series below, and click on any part for an in-depth exploration of that issue.

1099s and DFS

Part 1: Daily Fantasy Sports And Taxes: Dissecting The 1099s

Did you receive a tax form as a result of your daily fantasy sports play in 2015? Even if you played and won and did not receive any tax forms, there still may be an obligation to report and pay taxes on winnings.

The gambling dilemma

Part 2: Daily Fantasy Sports And Taxes: Gambling or Not Gambling?

Should DFS play be treated as gambling when filing your tax return? It’s not a black-and-white answer.

Pro or amateur?

Part 3: Daily Fantasy Sports And Taxes: File As A Professional Or Amateur?

Whether you consider yourself a DFS pro or just a recreational player can affect how you file your taxes.

DFS operators

Part 4: Daily Fantasy Sports And Taxes: Concerns For DFS Operators

While players have a number of concerns when it comes to filing taxes on their DFS play, DFS operators also have a lot of questions to consider when considering taxes.