I know there will be doubters because I'm not computer savvy enough to upload the proof but here we go! Won two nine teamers weeks 1 and 2 in NV and was shocked to get handed W-2G forms for the IRS. It's not the dollar amount of the win that triggers an IRS notification but the fact that you surpassed 300-1 payout odds. Will stick to 8-teamers from now on. It wasn't easy street, I spent about $400 to win $840 and $700 to win $1700. Unless I use a players card everywhere all the IRS will see is my gains and not my losses. Will stick to 8-teamers I guess and stay under the radar.
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Even when you win, you lose.Comment -
what's the big deal?
you're doing the right thing and declaring your winnings anyway aren't you?
so you have nothing to hide.Comment -
Me thinks the answer to this is "no."Originally posted by Hareeba!Comment -
they will come for youComment -
ya.. i dont get the big deal.
I have to fill out once of these sheets every time I place in a poker tourney at foxwoods.... This includes one-table tournaments where top 3 get paid..... Not a big deal at all, but just don forget it when tax season comes along.Comment -
Keep your losing tickets, and you can itemize the losses against your wins.Comment -
the gov wants their cut..Comment -
Another reason to play on line.Comment -
this...........Originally posted by mtneer1212
really not a big deal if you have an accountant or itemize or anythingComment
