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• 1. J

     Gambling Winnings And Losses

     I don't disagree, but my focus right now is that tax implications. Everywhere I have read, and everyone I have talked to, the wins and losses if equal, should wash and no taxes should be paid on the winnings.

     • jsch24
     • Post #3
     • Jan 30, 2019
     • Forum: Tax Law
  2. J

     Gambling Winnings And Losses

     Florida- Hello, I am in the midst of filing and after entering all of my income, and itemized deductions, I am now entering my W-2G forms. I have quite a few from 2018, totaling around $165k. Sounds great, right? But my casino statement has me at a Net loss of 90k. (Not so great) So it was my...

     • jsch24
     • Thread
     • Jan 30, 2019
     • Replies: 35
     • Forum: Tax Law