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When gambling at a casino, I sometimes will get some free
When gambling at a casino, I sometimes will get some free play to use in the slot machine from the loyalty program. For example, I may get $20 in free slot play in a week, but this free play cannot be… read more
LEV
LEV
Retired
Bachelor's Degree
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I won about 120500.00 on slot machines this year. I had
I won about 120500.00 on slot machines this year. I had 17600.00 taken out for federal taxes. but I also had a lot of losses. can I use bank statements from checking and savings and credit card statem… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I PLAYED MANY ONLINE CASINO GAMES IN THE YEAR 2014 AT MANY
I PLAYED MANY ONLINE CASINO GAMES IN THE YEAR 2014 AT MANY ONLINE CASINOS, SOME USING CASINO ‘FREE BONUSES', SOME WHERE I DEPOSITED MONEY, AND SOME WHERE A BONUS WAS ADDED TO THE AMOUNT DEPOSITED. THE… read more
abci168
abci168
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Question for tax lawyer if a person that gambled a lot and
Question for tax lawyer if a person that gambled a lot and played slots and as you know if you win over a certain amount you get a tax form W-2G some casinos make you pay right on the spot very few do… read more
Richard
Richard
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Doctoral Degree
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I wan a bad beat jackpot (aka Jumbo Jackpot) at a Station Casino
I wan a bad beat jackpot (aka Jumbo Jackpot) at a Station Casino in Las Vegas, NV, for $30,000 while playing $2-$4 limit Texas hold ‘em. You have to be in the hand playing and calling all bets to qual… read more
abci168
abci168
Principal
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I won $5000.00 last year in a slot tournament at a local casino
I won $5000.00 last year in a slot tournament at a local casino and my husband won $1600.00 jackpot from the same casino in 2011. We each got a printout from the casino with our wins and losses. I los… read more
FredStevens
FredStevens
Certified Public Accountant
Bachelor's Degree
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Hello, I was told that if you are a non-U.S. resident, and
Hello, I was told that if you are a non-U.S. resident, and you played following casino games :Baccarat, Big 6 Wheel, Blackjack, Craps, Roulette, there are no federal tax witholding from IRS over your … read more
fastfile
fastfile
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Master's Degree
550 satisfied customers
Referring to gambling winnings. For example, if one has winnings
Referring to gambling winnings. For example, if one has winnings from Casino gambling, can they deduct losses from any other type of gambling to offset the declared gain?… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
Should Tom report $3,500 jackpot as income when he files 2010
Should Tom report $3,500 jackpot as income when he files 2010 federal income tax return? should he report any losses? Tom hit a $3,500 jackpot on a slot machine. Before paying off the jackpot, casino … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
This is about gambling losses. Casinos will give win / loss
This is about gambling losses. Casinos will give win / loss statements if you use a card in the slot machines. How do I get a win / loss statement for CASH that has been won and lost back without usin… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
how do i pay the taxes on a win from paying slots now and not
how do i pay the taxes on a win from paying slots now and not have to wait to pay later because i am not working and do not file taxes. So how to I pay the taxes owed on the $1280.00 to IRS. I want to… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Are gambling losses in the race tracks tax deductable. If
Are gambling losses in the race tracks tax deductable. If so, how would I declare it? Do I have to have tickets and racing forms from the tracks to declare my losses?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I had two large jackpot wins, on slot machines, last year ($10,000
I had two large jackpot wins, on slot machines, last year ($10,000 & $8,600.) I didn't keep records of my total gambling 'losses', as I'm new to this & have no idea how to properly do this. Can I esti… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
I won 100,000.00 a couple of weeks ago on a scratch ticket.
I won 100,000.00 a couple of weeks ago on a scratch ticket. What can I claim as gambling loss to offset the federal tax. I know that getting losing tickets will work. Say I go to gamble and write a ch… read more
TaxMomNJ
TaxMomNJ
Tax Advisor
Associate Degree
242 satisfied customers
I won a slot machine jackpot on a cruise ship and was given
I won a slot machine jackpot on a cruise ship and was given a win/lose statement. How does that work?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
I won $50,105 from a slot machine, but I have lost
I won $50,105 from a slot machine, but I have lost over $43,000 over the year. The slot machines doesn't give a record of your losses in the casino. I am afraid that since i make over a $100,000 a yea… read more
The Geezer
The Geezer
Master's Degree
120 satisfied customers
I am a resident of Louisiana.This is in regards XXXXX XXXXX
I am a resident of Louisiana. This is in regards XXXXX XXXXX winnings/losses. This is the first year that I've had to deal with gambling winnings/losses on filing my income taxes. I didn't always play… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If I won $2800 playing the slot machine at a North
If I won $2800 playing the slot machine at a North Dakota casino and had my federal tax withheld at 35 percent, and by the end of the year I had lost a total of $3400 gambling, would I not get all of … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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