High limit slot win
Quote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
That was posted a year ago. I believe Kansas is a 2014 add.
Quote: vetsenQuote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
That was posted a year ago. I believe Kansas is a 2014 add.
Does anyone know if anyone has tried to challenge these states in court? Seems blatantly wrong. Imagine if they taxed the casinos this way. "You owe the full gambling tax rate on every benjamin that goes down the drop box. Huh, what about those benjamins leaving via the cashier? Nah, don't worry about those."
Quote: AcesAndEights
Does anyone know if any has tried to challenge these states in court? Seems blatantly wrong. Imagine if they taxed the casinos this way. "You owe the full gambling tax rate on every benjamin that goes down the drop box. Huh, what about those benjamins leaving via the cashier? Nah, don't worry about those."
It wasn't too long ago that this was the case in WA. Might still be for some of them.
Quote: DeucekiesIt wasn't too long ago that this was the case in WA. Might still be for some of them.
Wow. That would suck for them. With some of these small 15-table card rooms, I bet they have pretty long losing periods just due to a big jackpot being hit or something.
Imagine having a net losing week as a casino, and still owing tax on the total you dropped that week. Insanity.
Quote: AcesAndEightsWow. That would suck for them. With some of these small 15-table card rooms, I bet they have pretty long losing periods just due to a big jackpot being hit or something.
Agreed. On top of that, you get players who buy in for a lot more than they actually wanna play, or cash out and buy back in.
Also, it made me chuckle when you said "small 15-table card rooms". 15 tables is the legal MAXIMUM.
Quote: DeucekiesAgreed. On top of that, you get players who buy in for a lot more than they actually wanna play, or cash out and buy back in.
Also, it made me chuckle when you said "small 15-table card rooms". 15 tables is the legal MAXIMUM.
Right, I did know that, just saying "small" compared to any other gambling jurisdictions, or the tribals nearby.
Quote: AcesAndEightsRight, I did know that, just saying "small" compared to any other gambling jurisdiction, or the tribals nearby.
Very true. House banked card rooms have been legal in WA since 1997. It's not in its infancy anymore. I wish the WSGC would loosen the leash a little bit.
Probably something you'd need to take through the legislature. At least in my state, the courts don't have much power. In fact, the state supreme court said our system of school funding was unconstitutional THREE TIMES, and the leg. basically said "Eff you, we're not changing it."Quote: AcesAndEightsQuote: vetsenQuote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
That was posted a year ago. I believe Kansas is a 2014 add.
Does anyone know if anyone has tried to challenge these states in court? Seems blatantly wrong. Imagine if they taxed the casinos this way. "You owe the full gambling tax rate on every benjamin that goes down the drop box. Huh, what about those benjamins leaving via the cashier? Nah, don't worry about those."
Quote: teddysProbably something you'd need to take through the legislature. At least in my state, the courts don't have much power. In fact, the state supreme court said our system of school funding was unconstitutional THREE TIMES, and the leg. basically said "Eff you, we're not changing it."Quote: AcesAndEightsQuote: vetsenQuote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
That was posted a year ago. I believe Kansas is a 2014 add.
Does anyone know if anyone has tried to challenge these states in court? Seems blatantly wrong. Imagine if they taxed the casinos this way. "You owe the full gambling tax rate on every benjamin that goes down the drop box. Huh, what about those benjamins leaving via the cashier? Nah, don't worry about those."
Another issue for my GamblersPAC to target...
Quote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
New Hampshire repealed the 10% tax a couple of years ago.
Quote: odiousgambitHow many are asking "is my state one of the bad ones?" [g] I googled and came up with this.
https://ttlc.intuit.com/questions/1528811-can-you-deduct-gambling-losses
I live in Illinois and was able to deduct my losses up to my wins last year for taxes. Federal. State you are just screwed on
Quote: reserectNot to change the subject and great win by the way but could you paste the code that you used to get that picture to display in hour blog lol!
when you get your window up for your post in forums, down on the right see "click here for formatting codes"
you can also hit "quote" to see what someone else did
Quote: VPninjaLouisiana also automatically withholds state taxes on $1200 or above
Even if you are an out-of-state gambler no doubt. Not sure how the latter gets his money back.
this might be the best/latest list for bad states in general,
http://www.taxabletalk.com/2012/10/22/bad-states-for-gamblers/
Louisiana type problems not mentioned.
HA!Quote: VPninjaWhen you file your taxes , submit your Louisiana generated W2G to your own state taxation office reflecting withheld taxes and they should give you a credit.
