Master Ninja [+5000 group]

Claudio NinjaBet

Claudio NinjaBet

@jack The thresholds you mentioned do not determine whether you owe taxes on your betting profits; they only set the reporting requirements for platforms like betting sites and payment processors to send information to the IRS. Here’s a clearer breakdown:

Tax Obligation:

In the U.S., all gambling winnings are taxable, regardless of the amount. You are required to report all your profits on your tax return, even if the platform doesn’t report them to the IRS.

Reporting Thresholds:

For 2024, platforms will issue tax forms (e.g., 1099-K) for gambling-related transactions if your total winnings exceed $5,000.
For 2025, the threshold drops to $2,500.
Starting in 2026, the threshold reduces further to $600.
So, even if your winnings are below these thresholds, you are still legally obligated to report them and pay taxes. The thresholds simply dictate when the platform will notify the IRS directly about your winnings.

Claudio NinjaBet

@jack If you are physically in a state, you can bet on the bookmakers licensed in that state.

Claudio NinjaBet

@jack you should be able to deposit with revolut usa. icard you can try.

Claudio NinjaBet

@Alain-MB2024 para los usuarios españoles, ¿podrían publicar en el foro ninjaclub.ninjabet.es?

Claudio NinjaBet

@Alain-MB2024 said in Calculator:

hi, porque da resultao negativo en el ejemplo?

Hola, ¿en qué ejemplo?

Claudio NinjaBet

@MrMike bet365 odds are back in the tools. Sorry for the inconvenience.

Claudio NinjaBet

@rakewell I managed to deposit little amounts with credit cards. Most times it got rejected (chase, wells fargo, citi, bank of america). What has always worked best for me is depositing with venmo or bank account directly.

Claudio NinjaBet

@aaronbaldwin611

Claudio NinjaBet

@aaronbaldwin611 thanks for letting us know. Our developers are working on it

Master Ninja [+5000]

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