Fantasy Football and How it Affects Your Tax Return [INFOGRAPHIC]
October 2, 2015 : H&R Block
It’s now week 4 of the NFL season – how is your fantasy football team performing? Chances are pretty good you’re one of the 74.7 million Americans participating, according to research from American Express Spending and Saving Tracker. So the question is, are you playing all season or participating in a daily league? And do you have to report winnings, or losses, on a tax return? The first question is entirely up to you, but the second question is a “yes.” Here’s more on what the IRS wants to know about your fantasy football activities, and your options for reporting it.
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