The business of fantasy sports gaming, tech, and content
Infographic: Are Fantasy Sports Players Paying Their Taxes?
Submitted by Randy Burgess on Thu, 2011-11-17 23:42
Fantasy sports players are constantly monitoring their team rosters and checking their winners, but are they monitoring the impact of gambling winnings on their taxes? Our guide below talks about the state of fantasy sports and tax rules to follow when playing.
Check out the infographic at the source link.
Our Take:
No doubt, folks that win at fantasy sports need to check on what they owe Uncle Sam. Just because you got lucky with Michael Vick last year doesn't mean you can hide your cash in the Caribbean.
Source:
TurboTax Blog
http://blog.turbotax.intuit.com/2011/11/11/are-taxes-considered-in-your-...
Column Five Media
http://columnfivemedia.com