Oct 26
won at a slot machine $2000 but i have no work; do i still have to file this year?
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Matt A asked:
I just won $2000 playing slot machines last month; I have no work or any source of income; do i still to file this year??? i already received the form w2-g.. help!
4 Responses to “won at a slot machine $2000 but i have no work; do i still have to file this year?”
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October 27th, 2008 at 3:06 pm
Stick that 2grand in my slot.
October 29th, 2008 at 5:41 pm
i would ask a tax guy bt i think you may have to file but hay thats agood thing sense this year they are doing a tax refunde of extra 300.00 to who ever earn under 3000 a last year .
October 30th, 2008 at 6:34 pm
You should have received a form from the casino to claim the winnings. If they didn’t… As a rules in most places, any gambling winnings over $1199 are taxable and you must claim/file them.
October 31st, 2008 at 11:19 pm
A copy of the form they gave you (which has your social security number on it) goes to the IRS. They are expecting you to report that so you better. If you lost during the year you can deduct the losses up to the amount you won. So if you won $2000 on a slot and lost $3000 playing blackjack you can bring your winnings down to zero (not below), but you still have to file.
A better question is - if you have no work or any source of income - what are you doing playing slots??!!!