{"id":122095,"date":"2021-10-28T15:59:00","date_gmt":"2021-10-28T22:59:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=122095"},"modified":"2021-10-28T15:17:57","modified_gmt":"2021-10-28T22:17:57","slug":"podcast-guest-russell-fox-3","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/podcast-guest-russell-fox-3\/","title":{"rendered":"Podcast &#8211; guest Russell Fox"},"content":{"rendered":"<p>Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.<\/p>\n<div>We welcome your questions &#8211; send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or&nbsp;<a href=\"https:\/\/www.facebook.com\/GamblingWithAnEdge\">https:\/\/www.facebook.com\/GamblingWithAnEdge<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p><b><\/b><\/p>\n<p><b><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BLU7280706029\" width=\"100%\"><\/iframe><\/p>\n<p><\/b><b>Show Notes<br \/>\n<\/b><br \/>\n[00:00]  Introduction of Russell Fox, tax expert from Clayton Tax<br \/>\n[01:02]  What&#8217;s going to be in the next tax law?<br \/>\n[02:09]  Has the pandemic affected Russell&#8217;s professional life?<br \/>\n[03:02]  Do Canadian poker players owe income tax?<br \/>\n[05:14]  Can YouTubers deduct gambling losses in excess of winnings?<br \/>\n[06:30]  Have the tax implications on DFS changed?<br \/>\n[12:27]  Taxation of credit card rewards redemption<br \/>\n[12:51]  Process of reporting winning for a recreational advantage player<br \/>\n[18:06]  How is travel time handled if IRS questions full-time gambler status?<br \/>\n[18:52]  Lost or misplaced W2Gs<br \/>\n[20:58]  Is it better to file as a professional gambler if you&#8217;re a slot AP with many W2Gs?<br \/>\n[22:29]  What are the acceptable ways for an amateur to define a sports betting session?<br \/>\n[24:31]  Tax on futures bet, rule of constructive receipt<br \/>\n[25:11]  Should a bettor clear balances from all sports betting apps every year<br \/>\n[25:34]  Tax treatment of free bets<br \/>\n[30:52]  South Point Casino October Promotions &#8211; $500k+ Monster Money casino-wide progressives, Prime Time Mondays for people 55 and older<br \/>\n[32:19] <a href=\"http:\/\/BlackjackApprenticeship.com\">http:\/\/BlackjackApprenticeship.com<\/a> &#8211; card counting training website and community with many betting, tracking, and analytical tools<br \/>\n[32:52] <a href=\"http:\/\/VideoPoker.com\/gwae\">http:\/\/VideoPoker.com\/gwae<\/a> &#8211; Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners<br \/>\n[33:56]  Is a casino win\/loss statement from a casino sufficient for tax purposes?<br \/>\n[35:51]  Beard accounts in sports betting<br \/>\n[39:53]  Splitting a sports bet<br \/>\n[41:16]  At what point does it make sense to file as a professional gambler?<br \/>\n[43:26]  Audit risk for professional gamblers<br \/>\n[46:05]  Tax professionals who specialize in gambling<br \/>\n[48:01]  TurboTax<br \/>\n[48:35]  Costs to file as a professional gambler<br \/>\n[51:44]  Changes to cryptocurrency laws<br \/>\n[54:41]  How to contact Russell Fox<br \/>\n[55:25]  Recommended:  Maid on Netflix, A Most Clever Girl by Stephanie Marie Thorton, Circus Circus steakhouse<\/p>\n<p><b>Sponsored Links:<br \/>\n<\/b><a href=\"http:\/\/SouthPointCasino.com\">http:\/\/SouthPointCasino.com<br \/>\n<\/a><a href=\"http:\/\/BlackjackApprenticeship.com\">http:\/\/BlackjackApprenticeship.com<br \/>\n<\/a><a href=\"http:\/\/VideoPoker.com\/gwae\">http:\/\/VideoPoker.com\/gwae<br \/>\n<\/a><\/p>\n<p><b>Guest Links:<\/b><br \/>\n<a href=\"http:\/\/Claytontax.com\">http:\/\/Claytontax.com<br \/>\n<\/a><a href=\"http:\/\/Twitter.com\/russcfox\">http:\/\/Twitter.com\/russcfox<\/a><\/p>\n<p><b>Recommended:<\/b><br \/>\nMaid on Netflix&nbsp; <a href=\"http:\/\/Netflix.com\/title\/81166770\">http:\/\/Netflix.com\/title\/81166770<\/a><br \/>\nA Most Clever Girl by Stephanie Marie Thorton&nbsp;&nbsp;<a href=\"https:\/\/amzn.to\/3CmJgtQ\">https:\/\/amzn.to\/3CmJgtQ<\/a><br \/>\n<a href=\"http:\/\/Circuscircus.com\/restaurants-1\/the-steak-house\/\">http:\/\/Circuscircus.com\/restaurants-1\/the-steak-house\/<\/a><\/p>\n<a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Facebook\" href=\"https:\/\/www.facebook.com\/lasvegasadvisor\" style=\"font-size: 0px; width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px;\"><img alt=\"Facebook\" title=\"Follow us on Facebook\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline; width:48px;height:48px; margin: 0; padding: 0; 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We welcome your questions &#8211; send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or&nbsp;https:\/\/www.facebook.com\/GamblingWithAnEdge. &nbsp; Show Notes [00:00] Introduction of [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":6207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[21],"tags":[179],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Podcast - guest Russell Fox - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/podcast-guest-russell-fox-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Podcast - guest Russell Fox - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes. 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