Casino Talks

Posted by: slycin56 at May 29, 2002, 4:14 pm

Topic: What's the status of the legality of online gambling? Forum: Winner Online

Gambling winnings are only considered income when they exceed the total amount of your gambling losses, unless you're a complete idiot and don't claim your losses.

US casinos only issue W-2G's when the jackpot you've hit is $1200 or more, for any single bet.

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SlyCin56
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