Ill ask around over in Mississippi next week and see if anyone has any insight in to the future changes .Originally Posted by MrsSondor
Ill ask around over in Mississippi next week and see if anyone has any insight in to the future changes .
Found an article about this and one of the comments:
I don't think this report is correct. Section 70433(C) says it increases the threshold from $600 to $2000 for the tax law section 6041a. That part of the tax law refers to 1099-MISC reportable income, not slot wins on W-2Gs. That's f[r miscellaneous payments. The only miscellaneous payments gamblers get are from things like raffles and casino tournaments where there's no $ wager involved. So if you win a $1000 slot tournament (not considered gambling income), you will no longer get a 1099-MISC (like has happened to me). But nothing I find in the new bill changes handpays from $1200 to $2000. And this would be all over the internet if it was true. I urge you to check your reporting.
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Well said!
Well that makes it clear as mud .
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