What is the maximum amount of money you can win at a Casino before you have to report it to the IRS?
Posted on : 16-05-2009 | By : admin | In : Gambling
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barbara2457 asked:
I know people who have come home from the Casino with a ticket for the IRS. They put the ticket directly into their current year income tax file. When I ask them about it, all they say is “we won instead of losing this time”. I’ve come home with a few hundred dollars before and I’ve never had to report that amount to the IRS. If someone can tell me I would certainly appreciate it. My question is solely to satisfy my curiosity. Thanks.
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I know people who have come home from the Casino with a ticket for the IRS. They put the ticket directly into their current year income tax file. When I ask them about it, all they say is “we won instead of losing this time”. I’ve come home with a few hundred dollars before and I’ve never had to report that amount to the IRS. If someone can tell me I would certainly appreciate it. My question is solely to satisfy my curiosity. Thanks.
Content by. Fun Joomla