The "Big Beautiful Bill": Discussing Impacts With a Gambling Tax Expert | BJA162

Colin, Joe748, and SD1 are joined by tax expert Gary Kondler to break down how new legislation could impact gamblers’ taxes. Gary explains the proposed 10% cap on deductions, how it affects pros and recreational players, and why W2Gs, 1099s, and session accounting matter more than ever. They cover real-world examples, what gamblers can do to prepare, and why planning ahead is critical as these changes loom. • New 90% gambling loss deduction rule • Impact on different gambler types • Professional vs. amateur gambler status • Session method reporting • Practical tax strategies • Audit risks and triggers If you want to contact Gary for your tax needs you can find him here (https://kondlercpa.com/)