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We Are The Numeralogic Masters..
When most of us hear the phrase Online Gambling or Internet Gambling , we usually picture the average websurfer casually placing a few bets on some rounds of Texas Hold em. Indeed, there are countless websites dedicated to online gambling and I m sure we all know someone who visits them. Some folks are genuinely addicted to online gambling, much like other forms of digital afflictions like video game addiction.
But what are the stakes involved with online internet gambling? Is it legal? Can y
Nov 29, 2013, 9:37 pm - CajunWin4 - Pick 3 Forum
Virginia: 7/1 - 7/31/2021
You're right, but the burden of record keeping is on you. Here is the scoop from the official IRS site:
Topic No. 419 Gambling Income and Losses
The following rules apply to casual gamblers who aren't in the trade or business of gambling. Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes,
Jul 12, 2021, 7:04 pm - parlayman - Pick 3 Forum
Florida: 1/1 - 1/31/2021
Not true.
Topic No. 419 Gambling Income and Losses
The following rules apply to casual gamblers who aren't in the trade or business of gambling. Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips.
Gambling Winnings
A payer is required to issue you a Form W-2G
Jan 24, 2021, 6:54 am - Pick3master3838 - Pick 3 Forum
North Carolina: 9/1 - 9/30/2018
Jamora is right about the play type and/or .50 CBO's for dbls.
Just to clarify further, you can deduct gambling losses against Federal, but no longer the NC Taxes.
North Carolina Added to Bad States for Gamblers Taxable Talk
CT, IL, IN, KS, MA, MI, NC, OH, RI, WV, and WI do not allow gambling losses as an itemized deduction. These states income taxes are written so that taxpayers pay based (generally) on their federal Adjusted Gross Income (AGI). AGI includes gambling winnings
Sep 4, 2018, 8:10 am - itpmguru - Pick 3 Forum
Georgia: 4/1 - 4/30/2022
WOW.....935 twice.......played 983 str.......oh well, it's gambling
Apr 27, 2022, 2:15 pm - meriwetherman - Pick 3 Forum
North Carolina: 4/1 - 4/30/2021
That man has a serious gambling problem.
Apr 15, 2021, 3:59 pm - reddog - Pick 3 Forum
Dream Team 02/01/21 - 02/28/21
side note : gambling = 100 % guessing
Mar 1, 2021, 8:28 am - loonasee2 - Pick 3 Forum
Florida: 1/1 - 1/31/2019
Yes it's called Gambling Games. LOL
Jan 29, 2019, 10:43 am - FLATRANSPLANT - Pick 3 Forum
New York Dream Team 01/01/19 - 01/31/19
Seeing 8's all over the gambling universe.
Jan 29, 2019, 10:08 am - sam9009 - Pick 3 Forum
Texas: 7/1 - 7/31/2017
They gonna think you running a gambling ring up there LMAO!!!!
Jul 12, 2017, 11:34 pm - Mayor McCheese - Pick 3 Forum