1. 04-22-11 10:03 PM #1
    tatommack
    cowboys make the playoffs
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    whats the dollar amount you will get taxed at a vegas sportsbook

    i want to stay under that amount on my tickets
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  2. 04-22-11 10:20 PM #2
    Iced
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    Well, you are required to fill out your taxes no matter how much you win.

    To answer your real question; I believe if you hit for $10,000 at a sportsbook -- the sportsbook requires you to fill out a form to be sent directly to the IRS.
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  3. 04-22-11 10:40 PM #3
    tatommack
    cowboys make the playoffs
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    thank you
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  4. 04-22-11 10:41 PM #4
    Todd2122
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    Yes, bet under $10,000. When you win, you can deposit is slowly into your bank account and never be under suspicion. If you want to bet over $10,000, spread it over multiple casinos. IRS can go f#ck themselves. Let them worry about bigger fish.
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  5. 04-22-11 10:44 PM #5
    iceminers26
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    Quote Originally Posted by Todd2122 View Post
    Yes, bet under $10,000. When you win, you can deposit is slowly into your bank account and never be under suspicion. If you want to bet over $10,000, spread it over multiple casinos. IRS can go f#ck themselves. Let them worry about bigger fish.
    Risk + Win = $9,999.99 and under
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  6. 04-22-11 10:51 PM #6
    INVEGA MAN
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    that is the correct figure.
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  7. 04-22-11 11:02 PM #7
    linedrivr
    I'm your huckleberry
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    Quote Originally Posted by Iced View Post
    Well, you are required to fill out your taxes no matter how much you win.

    To answer your real question; I believe if you hit for $10,000 at a sportsbook -- the sportsbook requires you to fill out a form to be sent directly to the IRS.
    and when that happens, just collect all the losing tickets lying around on the kiosk until you get enough to offset your irs reported winner. keep them for your accountant at the end of the year to washout your reported winnings. there are several ways to skin a cat.
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  8. 04-22-11 11:04 PM #8
    Jasonal_98
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    Collecting the losing tickets is a fantastic idea lol
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  9. 04-22-11 11:08 PM #9
    tatommack
    cowboys make the playoffs
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    no shit i need to start collecting them and i wish it was that way for slots
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  10. 04-22-11 11:11 PM #10
    iceminers26
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    paperwork for book, more of a hassle, book doesn't want to report anymore than the player does
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  11. 04-22-11 11:19 PM #11
    durito
    escarabajo negro
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    $.01
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  12. 04-22-11 11:23 PM #12
    onlooker
    I'm still watching...
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    Question has been asked before.

    http://www.sportsbookreview.com/forum/sportsbook...ml#post9647507
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  13. 04-22-11 11:49 PM #13
    compaqDikk
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    jj sells his losing tickets on ebay
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  14. 04-23-11 12:38 AM #14
    tatommack
    cowboys make the playoffs
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    my buddy is in vegas on work for 2 weeks im going to end up getting his room comped hit 200 straight bet yesterday and tonight 2 leg parlay 300 to win 900 im thinking of betting giants or spurs all in tomorrow
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  15. 04-23-11 07:25 AM #15
    ryanspeer2001
    Punta Cana '15
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    I thought the amount would be much lower than 10k, that is great though for the big players.
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  16. 04-23-11 03:35 PM #16
    Grits n' Gravy
    Bigdaddyqh diddles kids
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    5k gets you tracked. anything over 10k gets a ctrc-n filed on you. taxes are between you and irs. casinos just fill out paperwork and could give 2 shits whether you file or not.
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  17. 04-23-11 04:08 PM #17
    roanildinho
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    wud do you mean tracked
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