Gambling Tax Issues (2024) (Direct To On-Demand)
Casual, Professional, and Compulsive Gamblers Discussed - Recorded 4/17/24 (Revised October 2025)
This course is offered Direct-to-On-Demand and is NOT included with a PASS.
The incorrect reporting of wagering gains and losses is common. This course will review the taxation of casual gambling activities as well as tax issues faced by professional gamblers. How to advise clients on proper documentation and tracking of gambling activities will be discussed.
Learning Objectives
- Calculate the correct amount of taxable gambling income on an individual tax return.
- Determine the allowable amount of gambling losses on an individual tax return.
- Explain the unique tax issues faced by professional gamblers.
- Explain the documentation required to correctly calculate taxable gambling income.
Education Information
IRS Program Number: NMVBP-T-00283-24-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topic/Federal Tax Related Matter (IRS)
Credit hours: 2 NASBA CPE / 2 IRS CE
Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.
Course expires one year after purchase.
Instructor: Thomas Gorczynski, EA, CTP, USTCP Learn more about our instructors here.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.
