What are the tax implications of hedging a futures bet across multiple platforms in different states during a single tax year?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
What are the tax implications of hedging a futures bet across multiple platforms in different states during a single tax year?
4 real searches · 1 real-search pass
2026 federal tax treatment gambling winnings losses 90% limitation 2026 IRS section 165(d) One Big Beautiful BillGoogle ↗
OBSERVEDReason
IRS gambling winnings losses report all winnings itemized deductions 2026 W-2GGoogle ↗
OBSERVEDConsequence
state income tax gambling winnings nonresident source state sportsbook bets tax rulesGoogle ↗
OBSERVEDReason
IRS section 1256 regulated futures contracts 60/40 mark to market tax treatmentGoogle ↗
OBSERVEDReason
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (4)
Classes come from the query-classifier (a local Laya model). 4 of 4 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT4 real searches · gpt-6
2026 federal tax treatment gambling winnings losses 90% limitation 2026 IRS section 165(d) One Big Beautiful Bill Google ↗
IRS gambling winnings losses report all winnings itemized deductions 2026 W-2G Google ↗
state income tax gambling winnings nonresident source state sportsbook bets tax rules Google ↗
IRS section 1256 regulated futures contracts 60/40 mark to market tax treatment Google ↗
- Publication 505 (2026), Tax Withholding and Estimated Tax · irs.gov
- 26 U.S.C. § 165: Losses · uscode.house.gov
- Form W-2G (Rev. January 2026) · irs.gov
- floridarevenue.com · floridarevenue.com
- Sports Gaming Receipts Tax · tax.ohio.gov
- Gambling and Lottery Winnings | Department of Revenue · pa.gov
- Tax Information for Gambling and the Lottery · mass.gov
- Topic no. 419, Gambling income and losses · irs.gov
- Instructions for Forms W-2G and 5754 (01/2026) · irs.gov
- 26 U.S.C. § 1256: Section 1256 contracts marked to market · uscode.house.gov
- Publication 550 (2025), Investment Income and Expenses · irs.gov
Queries
4 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
2026 federal tax treatment gambling winnings losses 90% limitation 2026 IRS section 165(d) One Big Beautiful Bill OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS gambling winnings losses report all winnings itemized deductions 2026 W-2G OBSERVED | Google ↗ AI Mode ↗ | — | Consequence | — | — | 1x of 1 | |
state income tax gambling winnings nonresident source state sportsbook bets tax rules OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS section 1256 regulated futures contracts 60/40 mark to market tax treatment OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 |