1099 and Taxes on Slots
The requirements for reporting and withholding depend on:. Moderators of this community have the discretion to judge posts as spam and will remove them as such. It seems silly that you could win the same amount on slots and not report it. Last year I got misc for winning drawings. Submit a new link. If I were you, I would claim the losses. Please review the rules before submitting a post:
Want to reply to this thread or ask your own question?
Thank you for your time. Last edited by a moderator: Phil Marti, Feb 22, Phil Marti, Feb 23, Thank you for the reply Phil,. Ask a Question Want to reply to this thread or ask your own question? You'll need to choose a username for the site, which only take a couple of moments here. After that, you can post your question and our members will help you out. Tax question form Misc. Casino operations accounting courses?? I just want to get a good idea about why they did this before I call them.
I don't see why if all the wins I had were under a taxable amount why they sent this form especially when my other local casino does not do this and I win far more in drawings over the year. Last year I got misc for winning drawings. Looking for a particular club? Try the Club Thread Thread: On such a full sea are we now afloat. You received the money so just deal. It's possibly unusual but one win probably triggered it.
If you feel it's inaccurate, you can contact the irs and dispute the value without involving the casino directly. Last edited by charlie; at Ahhhh yes the greedy government aka the IRS and others Our silent partner in business and pleasure.