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The Chip Board Archive 18

Re: Gambling and income tax time
In Response To: Gambling and income tax time ()

Do not rely on rumors or wishes - go straight to the source.

I recommend IRS Publication 17 (which is a guide for all income tax issues).

Publication 525 addresses taxable income in more detail, and includes a section on gambling income.

Publication 529 addresses miscellaneous deductions, including deductions related to gambling losses.

All publications (and forms, for that matter) are available as free PDF downloads from the IRS website (www.irs.gov). The publications are fairly easy to use - you don't need an accountant or lawyer to translate them.

Messages In This Thread

Gambling and income tax time
Re: Gambling and income tax time
Re: Gambling and income tax time
Haadn't thought about that distinction
Re: from a relative?
1099 & W-2G income!
I got one from my bank...
Re: Gambling and income tax time

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