Yeah, good point. I will say I have had some follow up support chats with various sites, plus some research online, and it seems a W2-G only gets produced if you win a wager of $600 AND it’s payout is at least 300-1. Seems weird.

I mean, I have my own records to use to pay taxes but it seems like we would get something “official” from the sites. Poker and even the Sports only, but I must be mistaken.

I'm just planning on claiming my winnings as gambling winnings or whatever my accountant does w/ them.

Back in the day there was a great program to keep track of players (fish). It would tell you the table they were playing and I think you were able to double click it and it would open the game so you could add yourself to the list. It was a beauty. Does anything like that exist these days?

I don't think this type of software is allowed on Pokerstars. It's considered predatory and bad for the games, which I agree with.

haha! I remember something like that. It was always nice. I could sit at an empty table and regs would come right in nice and quick to play with me. Never had a problem filling up a table.

^ Yeah - stars is definitely aggressive when it comes to restricting bum-hunting. It's a good thing, my money lasts that much longer. I'm surprised we are allowed as many tables as we are....pretty sure global is limited to 4 or were at one point. Dunno if they've raised it back up or not.

Table Scanner was binned years ago when poker stars updated their third party tools rules.

I loved tablescanner on FTP. Don't really need it with only 20 tables to choose from.

Has anyone got definite info about W2Gs? When I request through profile, I get an email stating no data available for the year.

Only thing I found on the MI site is this: https://www.pokerstarsmi.com/help/ar...?br=pokerstars

Only thing I found regarding "Tax events" is on the NJ site: https://www.pokerstarscasinonj.com/h...plan-nj/92346/
Assuming they report the same as NJ...

If I understand correctly, for cash it means if you have any hands where: $won >= bb*300 && $won >= $600 it will be reported to IRS?
Tournaments seems pretty straight forward.

If no hands/tournaments meet the above criteria, that means I can just declare the net won on PT4?

I doubt w2g will be available for at least a month, if you require one.

You can't do your net won from a tracker. You have to go through every single session buy-in vs cash out. There are threads about how to do this as a professional or not a professional on the forums. In short you have to export the sessions report to csv and add/itemize that on your taxes.

My profits/losses are not worth reporting imo carrying a bankroll of $100 on the sites I play/test for my HM3 support job. If they want to audit me it will cost them more than it does what I owe, considering the only reason I deposited was for my work/testing.

DD-

Fozzy is correct with how you're supposed to do things; however, I'd just add that I have read plenty of folks do indeed go with the option of reporting your net winnings and it worked fine when audited. Sure seems like the itemized route is a pain and overkill unless you are a true professional.

Yeah, I played 352 sessions last year testing HM3 on the job/clock for a net won of $43. I am either going to not bother or just use the net won, I will let you decide, but I am definitely not going to itemize it. :P

If the IRS wants 800 pages of sports bets, blackjack , and poker sessions, just to prove I kept track of the fairly substantial winnings I will be reporting on, they can come at me. Maybe this isn't the best play, but I really don't feel like digging up all my records just to prove this. I kept good track of my net and will pay up.

Just email stars and ask for your tax info. They sent me a spreadsheet with totals of cash/tournament results, including chest rewards/challenge prizes.

Looks like Pokerstars MI will be down for a while. BetMGM should make the most of this opportunity...

https://twitter.com/PokerStarsUSA/st...24536685744138

Wow all weekend. Going to have the shakes before the maintenance is over.

Hopefully adding cross state play.

I don't think legislation was passed to allow that.

Hey Fellow Michigan Players,

I received a 1099-Misc this year and no W-2G reports, so trying to understand all of this. To help some of you, because when you got this form yesterday or today like some of my friends. Here is the info from Pokerstars Customer Service - see below.

Their replies were fast and I understand the W-2G scenarios. I still asked them about if I can have the details on what caused my 1099-Misc of a few hundred dollars from TSG Interactive-Foxbet. My guess is the line below on 1099 Misc that says "Casino-Instant Bonus" cash since I ran some of that up in Slots - for me, that seems to be the issue.

Trying to be helpful here and trust me, I know enough to be dangerous

Anyone have any thoughts on 1099-Misc income and how us Michigan players may have got these forms....I figure alot of us are in the same boat - causal players that like poker and place some casino game.


From PS:

1099 is generated when a player wins a prize or award as a result of a free to enter competition/game. It also includes Poker League Winnings, Leader Board winnings, tournament bounty winnings, and Casino - Instant Bonus into cash.

A W-2G is a federal tax form that we are required to send to players in relation to each reportable event that the player has during a tax year. It will be triggered by any of the following reportable events:

1. Poker Tournaments: in the event that you win more than $5,000, net of your initial buy-in, in a single tournament (or chain of tournaments (satellites) if the prize from winning the first tournament is entry to the second tournament and they all take place online).
2. Poker Cash games (excluding Video): in the event that you win in a single poker cash game hand an amount that is both (a) 300 times your stake and (b) of $600 or more.
3. Casino Table Games (excluding Slots): in the event that in any individual table game hand you win $600 or more and 300x the wager, regardless of stake.
4. Casino Slot Games: in the event that in any spin you win a gross amount of $1,200 or more
5. Sports Wagers: in the event that any sports wager results in a net win which is both (a) 300 times your stake and (b) $600 or more.

Also, bear in mind that every time you win a wager that pays over 300 times the amount wagered and the amount of the win is over $5000, a Player Withholding Tax deductions will be necessary. The rate is consistent at 24% and it corresponds only to Federal Taxes.

Crazy that "Unscheduled" maintenance like this popped up on the weekend and has lasted 3 days. I wonder if they found a security vulnerability or have been hacked in some way?

I have a sports account at FoxBet/PokerStars in NJ. It's amazing that it is still down during one of the biggest wagering weeks of the year with Super Bowl next Sunday. I am not happy about it. I have done well there betting sports boosts. Many people suspect it is a ransomware attack. You can still see your balance if you log in on the app and do financial transactions I believe. I want to wager there and am not looking to withdraw my balance. Online legal US SportsBooks are supposed to be safe and protected from this kind of disruption. Fox has released very few updates in regards to being offline. They better get fixed soon or this going to cause a huge financial impact to the site as people cash out and move their money elsewhere. Once you lose trust of your customers you are done.

Still broken? Yikes

I dont know what is going on but waiting this long makes me nervous I withdrew my balance just in case. Hopefully this gets fixed soon.

Sent email to customer service and reply is here, this reply also echoes some of the articles in Pokernews on it. I'm not worried about a hack and I was hoping there were doing some upgrades which I realize would have been planned - so it is what it is....we wait for now.

Our site/software is currently undergoing some maintenance that is taking longer than expected. Unfortunately we do not have an exact timeframe at this point. However please be aware that our technical team is working to resolve this as we speak.

Please note, there was no data/security breach, simply maintenance on our end, so your information is safe and no changes will be made to your account or current account balance.

If bonuses expire before this maintenance is complete please reach out once we are back up and running and our support team can review for any needed re-crediting.

Additionally, if you wish to access your account for any cashier features, you can do so as follows:
Using our FOX Bet Mobile App
Using our PokerStars Software via Mobile, Desktop or Web Login
Using our PokerStars Casino Mobile App
I apologize for any inconvenience this may have caused but we appreciate your patience and understanding.

Update on shared liquidity:
https://pokerfuse.com/news/industry/...idity-compact/