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If I win a small jackpot at a casino, must I inform the IRS
If I win a small jackpot at a casino, must I inform the IRS immediately and pay taxes right away or should I just paid at tax time ? … read more
abci168
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I have casino question. I received two small pots and they
I received two small jack pots and they gave me the yellow slips and said to keep them because I will have to pay taxes on them. … read more
Barbara
Barbara
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Can I still claim my mother as dependent although she has
Can I still claim my mother as dependent although she has gambling winnings that she lost at the casino?… read more
Mark D
Mark D
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We live in Texas but filed a separate tax return in for
We live in Texas but filed a separate tax return in for Louisiana because I won two jackpots at the casino. After we filed our tax return (s) I remembered I hit a 3rd Jackpot that was not included in … read more
LEV
LEV
Retired
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We walked into a casino with $1100.00. We t a jackpot of
We walked into a casino with $1100.00. We hit a jackpot of $2,000.00. We also won $1,000 in a sweepstakes, all in 2015. We got a "win/loss" statement for 2015 from the casino showing a NET LOSS OF $83… read more
LEV
LEV
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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
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I am a german citizen - where do i claim tax withheld from
I am a german citizen - where do i claim tax withheld from gambling/winning jackpots in casinos ??… read more
LEV
LEV
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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
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Master's Degree
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I won a jackpot at the casino. I got a 1099, but had loss
I won a jackpot at the casino. I got a 1099, but had loss most of the winnings before winning the jackpot. Do I still need to pay taxes on the entire amount?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
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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
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When I win jackpot, do I report wagering gain (winning-basis)as
When I win jackpot, do I report wagering gain (winning-basis)as income for income tax return or I report the entire winning amount on income tax return?… read more
Richard
Richard
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Doctoral Degree
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My question is- If I won $70,467.40 at a casino and the W-2G
My question is- If I won $70,467.40 at a casino and the W-2G submitted reflects this amount, the win/loss statement from the casino states that after all coin in-coin out jackpots and play with my car… read more
LEV
LEV
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I HAVE JUST RETURNED FROM THE USA. LAS VEGAS.I WAS LUCKY AND
I HAVE JUST RETURNED FROM THE USA. LAS VEGAS.I WAS LUCKY AND WON NEARLY 10,000 DOLLARS.THE CASINOS TOOK 30 PER CENT OF IT IN TAX.I AM A AUSTRALIAN CITIZEN.I WOULD LIKE TO KNOW HOW THEY CAN JUST TAKE I… read more
Merlo
Merlo
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A friend of mine went to Costa Rica on vacation and hit a jackpot
A friend of mine went to Costa Rica on vacation and hit a jackpot in one of the casinos. Now his money is been wire transfered to his bank account in the U.S. Now since he won the money overseas does … read more
Merlo
Merlo
Tax Consultant
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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
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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 a little over 3 million dollars in handpay jackpots
I won a little over 3 million dollars in handpay jackpots throughout the year of 2007. The losses for the year exceeded the wins. I have my profit and loss statements from the casino's I played at con… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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