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Jacy, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 568
Experience:  Nine years individual income tax preparation and consulting
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must an individual report bingo winnings of $800.00 to IRS

Customer Question

must an individual report bingo winnings of $800.00 to IRS for tax purposes?
Submitted: 6 years ago.
Category: Tax
Expert:  Jacy replied 6 years ago.

Jacy :


Expert:  Jacy replied 6 years ago.



Yes, if your total income requires you to file a tax return, then you must report all of your income. If you itemize deductions on Schedule A, you may deduct gambling losses (the amount you spent to play) up to the amount of income you report.


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