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What is the minimum bet that must be reported to the IRS?

April 26, 2017IRS minimum reported

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What is the minimum bet that must be reported to the IRS?

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A – While all gambling wins and losses are supposed to be reported to the IRS at the end of the year, you should know that all deposits and withdrawals over $10,000 must be reported to the IRS by your bank. So keep the deposits and withdrawals under $10,000.