Trueblue23;1435792 wrote:Man I'm so minor league.. I hit $950 in Atlantic City this weekend and thought I was on top of the world.

I was shitting in high cotton all weekend. Was a great feeling. Plus it made gambling the rest of the time seem fun.

Sonofanump;1435752 wrote:Reported.....to the IRS.

No need. They give you a tax statement. My accountant will get it in January.

j_crazy;1435917 wrote:I was shitting in high cotton all weekend. Was a great feeling. Plus it made gambling the rest of the time seem fun.

You're a lot more loose when you're up and playing on their money.

BR1986FB;1436006 wrote:No need. They give you a tax statement. My accountant will get it in January.

I'd claim that I lost it all. Fuck the IRS.

justincredible;1436135 wrote:I'd claim that I lost it all. Fuck the IRS.

LOL, indeed.

The casinos have these nifty little "win/loss" statements for your taxes. You can write off up to the amount that you actually won during the year.

It works out well because if you win $50,000 and you have what the casino considers $50,000 worth of play, it's a wash. A lot of times if you're playing on a machine you may get a small hit like $37.50, etc and instead of pocketing it you just play it out. You may actually only gamble $10,000 of your own money, for the year, but the amount of spins you get on the machine, from playing out smaller hits, makes it look like $50,000.