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I got two expert from your place and their answer is not
I got two expert from your place and their answer is not very convincing.I gamble a lot. Almost every weekend. I lost over $60,000 but I got a 1099 Misc box 3 for a winning of a drawing from the casin… read more
Barbara
Barbara
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How does the diary keeping of gaming sessions work? If I won
Hi There, How does the diary keeping of gaming sessions work? If I won $16,000 and then lost $16,125 on the same day at the same gaming establishment, and within that $16,125 was a w2g for $1200, how … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I am having trouble understanding my activity statement from
I am having trouble understanding my activity statement from the casino … read more
Lev
Lev
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I found that my wife had a gambling issue this year. She has
I found that my wife had a gambling issue this year. She has since sought help but I am heaping the problem with the taxes. She had a loss this year and I do have the W2G and the gambling result loss … read more
Alexander Efros
Alexander Efros
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Masters of Business Administration (MBA)
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Can i use the "sessions method" for reporting gambling
can i use the "sessions method" for reporting gambling winnings as gross income on line 21 of 1040 and do I have to make some kind of notation that I am doing this such as 2015-x or some other comment… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,003 satisfied customers
I have a question on reporting gambling income and losses. I
I have a question on reporting gambling income and losses. I am a tax preparer and have been for almost 30 years - I own my own business. I live in Arizona where there are numerous casinos on reservat… read more
Tax.appeal.168
Tax.appeal.168
Principal
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Last year i won some amoutn in casino and got w 9 form rev
last year i won some amoutn in casino and got w 9 form rev 2011 and never recieved any w2g form from the casino so far ? So do I need to ask casino to send me w2g form before filing my taxes this year… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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For computer games winnings, should the winner receive a W2G
Hi, For computer games winnings, should the winner receive a W2G or a 1099 statement? From reading the W2G instructions, it seems that the W2G statement is only relevant for GAMLING winnings. In my ca… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
I won a drawing at a casino $10K and received a 1099-Misc,
I won a drawing at a casino for over $10K and received a 1099-Misc, instead of a W-2G. I'm not sure if it matters, but not everyone was eligible for the drawing as eligibility was related to gambling … read more
Lev
Lev
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I'm currently in Chapter 13 and will need to submit my tax
I'm currently in Chapter 13 and will need to submit my tax returns to the trustee this year (4 of 5th). During 2014 I accepted money from my fiancée' to play blackjack at the local casino. Over the co… read more
Robin D.
Robin D.
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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
Tax.appeal.168
Tax.appeal.168
Principal
6,844 satisfied customers
I have a question regarding Form W-2G. Can I use my win/loss
I have a question regarding Form W-2G. Can I use my win/loss statement from the casino which shows a loss of about $5000 instead of my W-2G which shows winnings for the year of around $10,000. I know … read more
Lev
Lev
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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
Tax.appeal.168
Tax.appeal.168
Principal
6,844 satisfied customers
I asked the casino for a win/loss statement. It shows coin
I asked the casino for a win/loss statement. It shows coin in $9223, coin out $7687 for year which left ($1,539) When I had my taxes filed it has $7,781 as income, then shows same amount as Itemized D… read more
PDtax
PDtax
Owner
Master's Degree
4,993 satisfied customers
I won a washer and dryer this year. I will be receiving a 1099
I won a washer and dryer this year. I will be receiving a 1099 misc for $3000. I itemize using schedule a. Line 28 I can take gambling losses up to my winning. My questions are: Can I deduct my expens… read more
Merlo
Merlo
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558 satisfied customers
I am in chapter 13. My friend gave me some money to ...
I am in chapter 13. My friend gave me some money to put into a slot machine and said we would meet later. I sat down and a few spins later won 2000 dollars. I told the Indian casino person that this s… read more
MequonCPA
MequonCPA
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Is a casino win/loss statement a valid document for ...
Is a casino win/loss statement a valid document for proving losses on your federal tax return?… read more
Lev
Lev
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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
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