TaxGuyBill
Level 15
12-07-2019
03:48 AM
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In a nutshell, you report the gain/loss based on each "session". You do not "net" between multiple sessions.
Like most other things, if you have a tax form (such as a W-2G) that shows an amount larger than the actual amount to be reported, you make an offset by a negative entry on Line 21.
Like most other things, if you have a tax form (such as a W-2G) that shows an amount larger than the actual amount to be reported, you make an offset by a negative entry on Line 21.