Do you have to claim sportsbook winnings on your taxes in Nevada???

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  • 2178ice
    SBR High Roller
    • 03-12-13
    • 138

    #1
    Do you have to claim sportsbook winnings on your taxes in Nevada???
    I am going to open an account for a sports book in Nevada but they want my social so i'm scared ill get taxed on my winnings lol???Help!
  • YouMama
    SBR Wise Guy
    • 01-04-12
    • 727

    #2
    Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.
    Comment
    • ProPicker713
      SBR Hall of Famer
      • 12-15-10
      • 6788

      #3
      Originally posted by 2178ice
      I am going to open an account for a sports book in Nevada but they want my social so i'm scared ill get taxed on my winnings lol???Help!
      If your going to be scared to gamble, take the exit off the highway and follow a new pursuit of happiness.
      Comment
      • HeDidDisToHim
        SBR Hustler
        • 11-19-12
        • 78

        #4
        Originally posted by GoDeViLs
        Tax evasion is a serious road to go down. Why not just pay your taxes like most honest citizens?
        Well, the government is spending our money (and kids and grandkids and their kids and...) so well right now on illegal wars and unlimited welfare. I can understand why someone wouldn't want to feed the beast.
        Comment
        • CrazyCarl
          SBR MVP
          • 10-09-11
          • 1437

          #5
          If taxing people at 100% is theft, at what % is it no longer considered theft?
          Comment
          • NunyaBidness
            SBR Hall of Famer
            • 07-26-09
            • 9345

            #6
            Originally posted by 2178ice
            I am going to open an account for a sports book in Nevada but they want my social so i'm scared ill get taxed on my winnings lol???Help!
            No, you don't. There is no state tax in Nevada, so you are safe.

            Once Nevada secedes from the US, you won't have to pay US taxes either. Until then, however, you do.
            Comment
            • hockey216
              SBR MVP
              • 08-20-08
              • 4583

              #7
              you have to be paying federal taxes on your winnings no matter where you reside. If the IRS finds out that you didn't report gambling winnings on your 1040 (tax return), they will send you to prison for a very long time.
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              • Inspirited
                SBR MVP
                • 06-26-10
                • 1787

                #8
                take a stand against the wicked government
                be like thoreau
                Comment
                • BoontonNJ
                  SBR Rookie
                  • 03-26-13
                  • 20

                  #9
                  No, max youll get a fine. Long time? Not a chance. No state income tax in nevada, but fed tax still aplys. Bet with a local, wont have any problems.
                  Comment
                  • artyfudgepacker
                    SBR MVP
                    • 01-06-13
                    • 2205

                    #10
                    can u even set up a sports book account nevada ?
                    Comment
                    • dalogester
                      SBR MVP
                      • 01-02-13
                      • 1088

                      #11
                      Anyone know whay bodog is now bovada.lv ?? Does the lv mean its located in las Vegas now?
                      Comment
                      • orangeman51
                        SBR High Roller
                        • 03-19-10
                        • 151

                        #12
                        Originally posted by dalogester
                        Anyone know whay bodog is now bovada.lv ?? Does the lv mean its located in las Vegas now?
                        .lv is for Latvia, not Las Vegas.
                        Comment
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