Just got my win/loss tax statement from caesars today

[stuntin909]

good wake up call. spending too much $ in these damn casinos.


who else feels like shit when they realize how much they lost in a year? winners gtfo

[john230]

Yeah, "The best roll of the dice is to throw them away."

[hels]

Thread is useless without numbers.

[d2bets]

good wake up call. spending too much $ in these damn casinos.


who else feels like shit when they realize how much they lost in a year? winners gtfo

Do they send it to you unsolicited?

[ttwarrior1]

never heard of getting a tax statement from a casino, ive never gotten one

[stuntin909]

Do they send it to you unsolicited?

I got it online actually by logging into my account and finding the statement.

[BIGDAY]

Get it all back in 2012.

[LVHerbie]

never heard of getting a tax statement from a casino, ive never gotten one

If you have a player's card you can request one... Also (although probably not a huge problem in your case) win over a certain amount and you will get a W-2G...

[ttwarrior1]

oh ok he requested one

[LVHerbie]

oh ok he requested one

Yes... but they aren't always accurate and shouldn't be used to prepare taxes (you are suppose to get a keep a diary of his session win/losses)...

[frankzig]

same here (from sands in beth)9700.00(loss)wtf.
gonna try Mohegan Sun tomorrow- 10am poker tourny 60 buy in
BTW if anybody is from allen-beth-easton
Sands starting poker tourny's in march

[frankzig]

maybe should start drinking again(4 yrs)- didnt seem like alot back then

[Reload]

Helps to have it if you've had wins in other places - you can prove the wins have been offset by losses.

[SharpBoxing]

Thought you didnt have to pay taxes on your winnings in Las Vegas?

[d2bets]

Yes... but they aren't always accurate and shouldn't be used to prepare taxes (you are suppose to get a keep a diary of his session win/losses)...

A diary is more accurate? A diary sounds more like something my 12 year old niece would keep for love letters.

[Dirty Sanchez]

If you're a true degenerate you would go all in on the Pro Bowl tomorrow...grow a pair or stop gambling

[LVHerbie]

A diary is more accurate? A diary sounds more like something my 12 year old niece would keep for love letters.

Well, ignoring that statement from casinos are often times wrong and, in some cases, can be manipulated, this is what the IRS wants... Obviously having records (such as these statements from casino or other receipts) that closely match would probably help show that "your diary" isn't quite as BSish as your niece's

[SteveRyan]

A diary is more accurate? A diary sounds more like something my 12 year old niece would keep for love letters.

You're right. The casino report on your play is typically very accurate but people can trick the system by giving the card to their friends. This makes is look like they played more than they actually did.

You can write off your gambling losses, but only up the the amount that you won. So, if you have $10,000 in signers, it might be helpful to have $10,000 worth of losses on paper from the casino.

[Sam Odom]

Yeah, BUT ! I get a 'free' buffet every day

[TR88]

up $37

[d2bets]

Well, ignoring that statement from casinos are often times wrong and, in some cases, can be manipulated, this is what the IRS wants... Obviously having records (such as these statements from casino or other receipts) that closely match would probably help show that "your diary" isn't quite as BSish as your niece's

So if the casino statements say you won $5,000 and your diary says you lost $5,000 - the diary wins?

[robmpink]

14k to mohegan in 2012, ****

[robmpink]

Now wonder why I am a "miserable prick" all the time.

[tatommack]

Won 348,478.87 loss 237,487.00 pretty good year

[robmpink]

2006 won $910
2007 lost $4,896
2008 won $28,089
2009 lost $203
2010 lost $2,857
2011 lost $13,602

I hit a 32k slot and all this time I am only up about 4k. Sad, sad life we live.

[robmpink]

Won 348,478.87 loss 237,487.00 pretty good year

Did you hit a big slot? How did you profit over $110k? Congrats!