Reschenthaler, Titus Urge IRS to Raise Tax Threshold on Slot

So, if the amount won on a slot machine is higher than $1200, the casino is required to report it In other words, all your gambling winnings

Reschenthaler, Titus Urge IRS to Raise Tax Threshold on Slot Report all gambling winnings as taxable income on your tax return · If you itemize deductions, you can offset your winnings by deducting gambling losses

So, if the amount won on a slot machine is higher than $1200, the casino is required to report it In other words, all your gambling winnings

hald slot Gambling and Tax Traps · $1,200 or more on a slot machine or from bingo · $1,500 or more on a keno jackpot · More than $5,000 in a poker

Slot machine and keno game winnings from a gambling operation that are reportable for federal income tax purposes shall be treated as

taxes on slot machine winnings IRS advisory committee wants to raise tax threshold for slots winnings from $1,200 to $5,000 WASHINGTON — An Internal Revenue Service advisory

IRS advisory committee wants to raise tax threshold for slots winnings from $1,200 to $5,000 WASHINGTON — An Internal Revenue Service advisory