If you win money in a Super Bowl bet on Sunday, remember while you’re celebrating that Uncle Sam can be a bit of a party crasher.
No matter where you wager — whether at a casino, through a pool or fantasy league, or at your neighbor’s annual bash — the IRS expects you come to clean each year at tax time.
“Any gambling winnings you receive is considered income by the IRS,” said CPA Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting in Chicago. “You have to report it.”
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