00:00 Speaker A

According to the IRS, about 90% of taxpayers take the standard deduction on their taxes each year, rather than itemizing each expense. But there are some less common situations that could be confusing. Still with me is Mark Steber, Jackson Hewitt Tax Service chief tax information officer. We talked about some of them uh just a few moments ago, but there are some also that are even less common. So let’s run through those here. Um first of all, we have seen a huge rise in prediction markets, right? as well as online gambling. Um what are the implications for people who are filing who have either made or or I guess lost money uh doing that?

00:43 Mark Steber

Yeah, the gaming especially with the…