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But, as is the case in the current Senate bill, I fully expect that final bill to also state that you are only required to report as income your net win for the year and attach the form from the site to your return
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Yeah, if we're going to just be optimistic that our politicians will be sensible then sure, this would obviously be great. All I was doing was pointing out though that it's certainly very realistic for this not to happen. In which case, if it doesn't happen, it could suck bad since the tax code in it's current form makes no sense and has big consequences to the recreational player.
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There is really no reason whatsoever to fear regulation with respect to Federal taxes (unless you just want to keep cheating on your taxes).
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Has nothing to do with cheating taxes, has to do with above reasons.
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