barnstorm's Daily Fantasy Profile

Post Count: 22
Member Since: January 5th, 2014
Last Visit: January 31st, 2017

Recent Forum Posts

  • DFS and Taxes

    In DFS, you only have to report your net profit? But in sports gambling, you have to report every winning bet as MISC income on Line 21 and every losing bet as an Itemized deduction? So they allow DFS to net their winnings and losses, but not gambling? Read More

    by barnstorm (barnstorm)

  • RotoGrinders Official DFS Tax Thread Q & A

    Sure wish they had a "Subscribe to Thread" feature, so we all would know when a new Comment was posted. Read More

    +1

    by barnstorm (barnstorm)

  • RotoGrinders Official DFS Tax Thread Q & A

    And with Trump coming in, I doubt the Feds will be stepping things up against gambling. Being a Casino owner himself, he may even push to make it legal so it can be taxed. It would make things a lot easier for all. I'm not advocating tax evasion. I have a... Read More

    by barnstorm (barnstorm)

  • RotoGrinders Official DFS Tax Thread Q & A

    According to http://vegasclick.com/online/legal : "There is no U.S. federal law against gambling online. On the federal level, gambling online is perfectly legal, because of the lack of a law against it. It's possible to run afoul of state law (especial... Read More

    by barnstorm (barnstorm)

  • RotoGrinders Official DFS Tax Thread Q & A

    PJ, Did you see my Question on Page 11? Any comment? Thanks! I fired up my TurboTax and in my state, itemized losses are not deductible. I would end up paying 3x as much in state taxes as I netted! Fortunately, I'm very confident I qualify for Schedule C... Read More

    by barnstorm (barnstorm)

  • RotoGrinders Official DFS Tax Thread Q & A

    How about Sports Arbitrage? Do I have to report all my winnings and all my losses or can I net them? With arbitrage, I have placed large wagers on both sides just to win $10-15. I've netted $10,000 in income for the year, but I will have hundreds of thous... Read More

    by barnstorm (barnstorm)

  • NBA 4/19

    Teague might get back in for mop up duty and to get his head back on straight for next game. Or maybe you don't risk an injury? Read More

    by barnstorm (barnstorm)

  • NBA 4/19

    Teague hurting us. He's playing like crap and in foul trouble now with 4 mid way though the 3rd. Read More

    +1

    by barnstorm (barnstorm)

  • NBA 4/19

    Korver vs Crawford? That's very close. Korver usually gets a few more minutes, but their salaries and value are close. Slightest value edge to Crawford. Clippers game closer so chance of a blowout in the Korver game? Read More

    by barnstorm (barnstorm)

  • NBA 4/19

    Jamal Crawford is not shy when he gets in! Could consider him instead of Danny Green. Similar price. Both play about the same minutes. Gonna figure Green will need to spell the older Spurs more. Courtney Lee is a high energy guy also. Read More

    by barnstorm (barnstorm)

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