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

**eidolon** · 03-20-13, 01:40 AM

just keep record of your loses

**Vegas39** · 03-20-13, 01:43 AM

Yup as eid said claim loses. There's people in Vegas that will collect up losing tickets for taxes

**El Nino** · 03-20-13, 02:53 AM

No. Your soc and info is taken for money laundering purposes and is given to the treasury department. If you fill out a W2 then it goes straight to the IRS. When in doubt, itemize your return and offset winnings with losses.

**unluckysob** · 03-20-13, 08:14 AM

do they report a year end bottom line to irs?---just winnings?-- my guess they do not report anything---want ssn just in case.

**k13** · 03-20-13, 08:28 AM

Just say you reside in Monaco.

**geebert74** · 03-20-13, 08:30 AM

El Nino is corect. If you fill out simple casino paperwork with your ss# on it then they don't send anything to them. But if you end up sending you a W2, then it is reported and you "should" claim it. But they will most likely only report sportsbook income. If you come up with a casino loss they will not be reflected on that W2.
Any single wager paying 300 times the amount wagered and at least $600 is taxable income. If any winnings minus the amount wagered exceed $5,000, federal taxes are withheld.

**BigDeem5** · 03-20-13, 08:46 AM

Check in Milwaukee mike

**playersonly69** · 03-20-13, 08:55 AM

Well actually EVERYONE in the US is supposed to claim all sportsbook and gambling winnings.

If you have a winning lottery ticket of over $600, then you get a W2g. But actually to be 100% true, you would need to claim all wins of $100 and under as well. Just because you dont get a 1099 or W2G doesnt mean that it isnt taxable