I've tried several times to start a log, but never seem to follow through. Coushatta had free logs in the players club last year and I tried using them. I liked the log, just kept forgetting to update. I wish an easy app for android would be developed.
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I keep basic tracking on Excel spreadsheet. I put the casino, destination such as Las Vegas - V/P & Caesars, I include date range 4/22-4/26 and net loss or net win. I also have a separate tab in the spreadsheet with a list of handpays with the date, casino and amount.
I don't detail all of the machines I play etc.
I started tracking a couple years ago, not really for IRS but it was an eye opener for me to see how much I was losing at the casino for my entertainment expenses :-)
It has really helped me to cut back or at least be more aware of where I am. Using excel is nice because I can use auto sum to calculate for me.
I wonder if we can submit our Trip Reports from the forum as proof for the IRS HHH
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Last edited by Georgiagambler; 04-27-2016 at 02:42 PM.
@Blase, we started keeping a log this year, we used to just reference our calendar entries for overnight stays previously to track our trips but this is much better at seeing how much our entertainment costs us (and how often we go)
We log the date(s) of the trip (even an evening at the local with # hours there), location, cash brought, cash coming home with, free play amount, points or other freebie perks (picked up a purse, or comp show tickets, etc).
We don't track tips separately so we know if we came home even, we are ahead gamblingwise since we drink and tip cash at the lounges.
Also, if our offers change, it's a good way for us to reference why they changed.
I also keep casino mailers in a folder in case we want to take a spur of the moment trip, we can compare offers easily.
Slot wins @
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I keep an excel spreadsheet. Dates of trip, casino, starting bankroll, jackpots $ hit, how much of jackpot $I lose during the trip, final win or loss, freeplay $, comp points earned, tips $ , and a notes section for concerts/comps, etc.
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I also keep an excel spreadsheet with dates, location (Las Vegas, Biloxi) and net win/loss for the trip.
Oh, I also have in my log where the start $s came from, as in ATM/bank/CU/saving/checking/, and save the slips/and check book logs.
Have' free' play, comps on a separate log. Someday the IRS may get the idea that they're missing their chance on taxing 'free' play, comp $s, rooms , etc.
They make a big difference in your win/losses when added to 'wins'.
Last edited by oldslotguy; 04-29-2016 at 12:52 PM.
I hate paperwork. My husband and I own a small business and I run it. I love doing the creative part of the job, but I hate the detailed reports and paperwork, so I've created simple systems to help ease the pain.
With regard to gambling, I don't carry a purse, unless I am in a casino and we only go to Las Vegas once a year and NA casinos twice, so I only have to worry about three trips. Any W2s go in it. At the end of the year, for the past several years, I have the exact number of W2s for income and print off win/loss statements for any offset.
Kind of a lazy way to do it, but it works for us.
For the past several years I've done the same excel spreadsheet as Georgiagambler but this year started off reckless for me and I lost too much money than I cared to remember by March so I stopped keeping track, lol. So now I have no idea how much money I've lost so far this year and honestly, I really don't want to know...I know it's bad. I'm hoping to win a big, fat HP sometime soon to make up for all my losses.Originally Posted by Georgiagambler
I don't keep a spreadsheet or anything for that matter.. I don't really see the point.. I've won over 150,000 in W-2's the last three years in a row and just use all my win loss statements to do my end of the year taxes.. Never an issue.. Gambling is suppose to be fun not a job or work.. Just my opinion of course..
"all fun and games till somebody got...................AUDITED".......The only reason I do a log. MI is not afraid to pull audits. In fact they gave me a rashon of shit over $10 one yr.
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