Loriann1970
Loriann1970
  • Threads: 1
  • Posts: 1
Joined: Apr 10, 2016
April 10th, 2016 at 10:12:23 AM permalink
wanting to know about taxes. I won a lot of money. this casino is in the Caribbean's awesome casino I might add. I live in the US do I owe taxes on just what I pull out I have pulled out 9,000.
rsactuary
rsactuary
  • Threads: 29
  • Posts: 2315
Joined: Sep 6, 2014
April 10th, 2016 at 11:10:12 AM permalink
Firstly, I am not a tax accountant, so use my advice at your own risk.

You must pay taxes on worldwide income. So you must declare your winnings, and you can offset losses against it.

Now... said casino has no reason to tell the US Gov't about your win. So up to you.
GWAE
GWAE
  • Threads: 93
  • Posts: 9854
Joined: Sep 20, 2013
April 10th, 2016 at 11:55:49 AM permalink
Quote: Loriann1970

wanting to know about taxes. I won a lot of money. this casino is in the Caribbean's awesome casino I might add. I live in the US do I owe taxes on just what I pull out I have pulled out 9,000.


Online casino?

Taxes should be reported on any and all income including value of goods stolen in a robbery.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
  • Jump to: