Do you file winning/losses on your tax? (US, Cali)

I know this has been asked before, but let's say I lose 2000, and win 2000. Do I have to put this on my tax? I know online gambling is illega, but I read it's still considered an income if I bank 2000 and I have to list the 2000 lost as deductible kind of like stocks?

Hello officer

This comes up every friggin month.  Depends on how you won the money.  If you won it gambling on offshore Sports... Forgetaboutit.  If you hit a $2K jackpot at the Casino and they gave you a tax form then you'd better report the winnings.  Bottom Line is NO tax form issued from the winnings then NO report.

Also whatever winnings you do report, then also report the same or more amount in losings.  Unless you are in six-digit figures the IRS does not have the resolve or manpower to even bother with your Chicken-Sh!t winnings.  Not trying to to berate you just telling you the truth.

Goose is right

Although most of what the government does these days is -ev so WTH do I know

Thanks gents, that's reassuring. Granted I'm probably in the negative of roughly 3k overall. I have withdrawn several thousand before and was just wondering now whether or not Audit will come after me.

@golden goose and whoever else has some insight.. So I have around 12k I am looking to withdraw, if I withdraw it with 2500 debit card withdraws over a span of about 6 weeks you think I am fine? You don't think that many 2500$ payments to my debit card will rise any questions or get me audited? Thanks for any insight, just a little stressed out about it

Need more info... Are you in Canada or USA or where?

And who / what is the withdrawal site?

@goldengoose. Yes I am in the USA and it is from bookmaker. I have already made 1 2500$ withdraw so I know it's legit and everything and I can get my money, only worry is getting audited or something because of it.....? Thanks again for taking the time.

You still there goose??