gambling winnings question

[Handi Capper]

I won a 1200.00 jackpot Friday and I had no idea you have to pay taxes only on 1200 winnings. It must be a new law? They automatically took out Louisiana tax but I told them no federal taxes out. How can I prove on my taxes next year I have lost over 1200 so I dont have to declare gambling winnings? :shrug: I also won over 500 playing blackjack, and 250 on another slot machine it was a good day:00hour

thanks in advance

EASY!!!
i'll divorce my wife, you marry her, use her losings (she has plenty) to offset your winnings

 

[The Joker]

The hassle for 200-300 bucks is not worth it, particularly for someone like Hedge, who has claimed to be set for life financially...........

This is what I was thinking - I couldn't understand what Hedge was talking about when it really shouldn't matter. If you're set for life - a ten thousand dollar loss shouldn't matter - let alone a $1200 win and paying taxes on it.
:shrug:

 

[yyz]

Relax :SIB

I've never done it. The only thing I usually get HIT for is hitting quads on the VP machine and I can usually offset that with the poker tourney entry fees.

That's something legitimate.

 

[MadJack]

That's something legitimate.

yes

 

[Emersonboozer]

The IRS isn't stupid. They know this is the oldest scam run by guys like this! That's why the first question they ask when you drop thousands of dollars worth of losing tickets in front of them will always be:

"You had all those losers, but only that one big winner, huh?"

They don't buy it. Period.


You can take the chance that you don't get audited, and you probably won't. But if you do, and this is the course you wish to go........good luck.

You gotta love the IRS. Thieves. They tax you on your income then try to get thier grubby little hands on every dollar that comes your way? F them

 

[The Sponge]

This is what I was thinking - I couldn't understand what Hedge was talking about when it really shouldn't matter. If you're set for life - a ten thousand dollar loss shouldn't matter - let alone a $1200 win and paying taxes on it.
:shrug:

His internet persona is set for life. I have met many of billionaires on the net.

 

[The Joker]

His internet persona is set for life. I have met many of billionaires on the net.

Oh - ok.

 

[hedgehog]

The hassle for 200-300 bucks is not worth it, particularly for someone like Hedge, who has claimed to be set for life financially...........

I will figure out a way to get around the income taxes, I have lost way more than 1200 gambling in my life, then hit a jackpot and I have to pay taxes, fuck the feds, I am making a few trips to the dog track and buying some lotto tickets. :00hour I am sure I will lose some at the dog track legitimately too :142smilie

I never play slot machines for long each time I go, I prefer blackjack to anything else. The biggest jackpot I hit before Friday was 1000 and no taxes at all.

 

[hedgehog]

This is what I was thinking - I couldn't understand what Hedge was talking about when it really shouldn't matter. If you're set for life - a ten thousand dollar loss shouldn't matter - let alone a $1200 win and paying taxes on it.
:shrug:

its the principle of it:shrug:

 

[vinnie]

Fuck them Hedgy don't pay go to the stores where they have lotto ticket checkers and take the losers out of the trash can :00hour

 

[hedgehog]

Fuck them Hedgy don't pay go to the stores where they have lotto ticket checkers and take the losers out of the trash can :00hour

:00hour :00hour I will make sure to have at least 1200 in losers too, trust me :00hour :00hour

 

[Cie]

Fuck them Hedgy don't pay go to the stores where they have lotto ticket checkers and take the losers out of the trash can :00hour

That's right, Hedgie. Drive to a convenience store and root around in the garbage cans to avoid paying $300 in taxes :00hour

 

[redsfann]

$300 in taxes

Think your math is off a bit, Cie. When I take 15% of 1200, I get 180 :142smilie

 

[Trampled Underfoot]

I thought you couldn't combine different types of gambling. For example, you can't claim you lost on scratch tickets to make up for wins on sports gambling. I'm not gonna research it because I really don't care, but I thought that was the case.

 

[Trampled Underfoot]

:00hour :00hour I will make sure to have at least 1200 in losers too, trust me :00hour :00hour

Why do you gamble if you always lose? Sounds like you have a problem.

 

[Trampled Underfoot]

That's right, Hedgie. Drive to a convenience store and root around in the garbage cans to avoid paying $300 in taxes :00hour

Sure sounds like the actions of a man that is set for life. :shrug:

 

[Cie]

Think your math is off a bit, Cie. When I take 15% of 1200, I get 180 :142smilie

Makes it even funnier:00hour


In fact, I will mail Hedge the $180 if he posts pics of him rooting through garbage cans :mj07:

 

[Trampled Underfoot]

Makes it even funnier:00hour


In fact, I will mail Hedge the $180 if he posts pics of him rooting through garbage cans :mj07:

I'll pay $180 for the pic of him getting stuck in the can.

 

[Cie]

I'll pay $180 for the pic of him getting stuck in the can.

:mj07:

 

[vinnie]

Makes it even funnier:00hour


In fact, I will mail Hedge the $180 if he posts pics of him rooting through garbage cans :mj07:

I'll do it for the $180 :00hour I'M Broke :sadwave: