Slot Wins Caused and Solved Problem

[darrellk]

Last weekend I sat down to do my income taxes only to find out that my 3 HP's in 2015 caused me to pay in on both the Federal and State returns.
I don't bother to offset the HP's by trying to prove my losses. I go so much that I don't keep records and frankly do not want to know the loss figure.
Since last weekend I was thinking to myself that if I got another HP before April I would apply the winnings to my taxes. Well something even better happened. I won on Wednesday and yesterday and when you combine those it is enough to cover the tax bills.
Here is a couple of highlights from my winning streak.



Life is Good !!!



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[sondor]

You should pull a couple win/loss statements and write it off......They never bother you about it.

[Jen Jen]

Nice Darrell! I love the Wonder 4 Jackpots.

[Jeani]

Nice....problem solved!

[slotbender]

You should pull a couple win/loss statements and write it off......They never bother you about it.

I definitely agree! Why should you pay taxes when you don't have to? I've been using the statements from casinos for years and there has never been a problem. You can also use any accumulated lottery tickets that were losers if more gambling losses are needed. @darrellk I would get the casino win/loss statement(s) if I were you and save yourself some $$ : )

[darrellk]

I definitely agree! Why should you pay taxes when you don't have to? I've been using the statements from casinos for years and there has never been a problem. You can also use any accumulated lottery tickets that were losers if more gambling losses are needed. @darrellk I would get the casino win/loss statement(s) if I were you and save yourself some $$ : )

I will request the win/loss statement asap. Not sure I lost enough to compensate for the HP's however so most likely nothing will change.

[michelelovesvegas]

I will request the win/loss statement asap. Not sure I lost enough to compensate for the HP's however so most likely nothing will change.

Don't forget about win/loss from Coushatta.

[darrellk]

Don't forget about win/loss from Coushatta.

I broke even at Coushatta so no need.


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[sondor]

I will request the win/loss statement asap. Not sure I lost enough to compensate for the HP's however so most likely nothing will change.

Even if it just covers a portion you will still avoid that part. You should be able to get the CET one online...Potto you have to go get I think, I did the year before when I won....

[darrellk]

Even if it just covers a portion you will still avoid that part. You should be able to get the CET one online...Potto you have to go get I think, I did the year before when I won....

@sondor I know I lost at least $1000 at CET so I will be sure to get that one.
Stupid question can you add up statements from multiple casinos or just the ones that you had HPs in ?
Also I'm assuming you need to attach these statements with your returns ?
I thought I read if you declare your losses than you are not allowed to take the standard deduction. Any thoughts ?


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