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Termination for posting on youtube or facebook
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<blockquote data-quote="moreluck" data-source="post: 932069" data-attributes="member: 1246"><p>If you don't have ID or something, you will not get paid....how would they know if you are old enough?!!</p><p></p><p>The casinos give you your winnings....period, the end. You only need the Tax form piece of paper if your winnings is over $1199.00 per jackpot.</p><p></p><p>I can win jackpots all day (and I have) that are below that amount and there's no tax form required. The machine pays you. I can win 20.......$1000 jackpots and there's no IRS reporting by the casinos.</p><p></p><p></p><p>This is from the IRS.....I have all my records and never have to pay on my winnings because I have losses to claim and cancel out the wins.</p><p>Only the IRS site has the correct info about our taxes. </p><p></p><p>"You may deduct gambling losses only if you itemize deductions. However, the amount of losses you deduct may not be more than the amount of gambling income reported on your return. Claim your gambling losses on Form 1040, Schedule A, as a miscellaneous itemized deduction that is not subject to the 2% limit. </p><p>It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses."</p><p></p><p><span style="color: #B22222">Nobody takes money for taxes out of your payouts. You get it all!!!!!!!!!!!!!!!!!</span></p></blockquote><p></p>
[QUOTE="moreluck, post: 932069, member: 1246"] If you don't have ID or something, you will not get paid....how would they know if you are old enough?!! The casinos give you your winnings....period, the end. You only need the Tax form piece of paper if your winnings is over $1199.00 per jackpot. I can win jackpots all day (and I have) that are below that amount and there's no tax form required. The machine pays you. I can win 20.......$1000 jackpots and there's no IRS reporting by the casinos. This is from the IRS.....I have all my records and never have to pay on my winnings because I have losses to claim and cancel out the wins. Only the IRS site has the correct info about our taxes. "You may deduct gambling losses only if you itemize deductions. However, the amount of losses you deduct may not be more than the amount of gambling income reported on your return. Claim your gambling losses on Form 1040, Schedule A, as a miscellaneous itemized deduction that is not subject to the 2% limit. It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses." [COLOR=#B22222]Nobody takes money for taxes out of your payouts. You get it all!!!!!!!!!!!!!!!!![/COLOR] [/QUOTE]
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