Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
Regarding casino gambling. When you win over a certain
regarding casino gambling. When you win over a certain amount you have to pay taxes. I know this and the Casino will issue you a tax form to turn in with you tax return. You also you can receive a Win… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,125 satisfied customers
Would like to read information on Taxes for winnings from
Would like to read information on Taxes for winnings from Casino, with 4 tickete of $1100 each. … read more
Dr. Fiona Chen
Dr. Fiona Chen
Certified Public Accountant (CPA)
Ph.D.
5,664 satisfied customers
I rcvd cp2501 from iirs stating I underreported gambling
I rcvd cp2501 from iirs stating I underreported gambling winnings. This was a mistake. I just put the " net" winnings on my return by accident. Now after researching on line I find that in order to cl… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 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
Retired
Bachelor's Degree Equivalent
33,974 satisfied customers
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
Retired
Bachelor's Degree Equivalent
33,974 satisfied customers
my questions is about gambling. I had a loss year but
my questions is about gambling. I had a loss for the year but my accountant has informed me that if I win 2000.00 at one casino and then go to another casino and lose it, I still have to claim it as a… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,522 satisfied customers
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
7,220 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
Retired
Bachelor's Degree Equivalent
33,974 satisfied customers
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
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,695 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
5,177 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
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,695 satisfied customers
HELLO, I LIVE IN CALIFORNIA, IF I WIN GAMBLING ONLINE FROM
HELLO, I LIVE IN CALIFORNIA, IF I WIN GAMBLING ONLINE FROM A SLOT MACHINE, DO I AND SHOULD I CLAIM IT IN MY TAX RETURN. IM NOT SURE IF GAMBLING ONLINE IS LEGAL OR NOT AND DO NOT WANT TO GET IN TROUBLE… 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 won some money at a casino that has to be claimed on my taxes.
I won some money at a casino that has to be claimed on my taxes. Is there a way to get a report from the casino showing how much I actually spent?… 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
1,663 satisfied customers
i have wg for winning 2 jackpot for the amount of $5,200 ...
i have wg for winning 2 jackpot for the amount of $5,200 the casino send me a win/loss statement showing an overall winning of $2,555 do i subtract the 2555 dollars from the 5200 and that will be my l… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
i have a statement from the casino saying I lost $35,000 ...
i have a statement from the casino saying I lost $35,000 this year in table play. How will this affect my taxes?… read more
Bill
Bill
Master's Degree
3,172 satisfied customers
I have saved my club cards from the casinos I visited (and ...
I have saved my club cards from the casinos I visited (and lost money at) this year. How do I get the win loss statement from them? The wins are recorded automatically because I have the forms I fille… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

5,118 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

298 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,818 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,665 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x