Private reply received:
As an American, I can confirm from my experience at Casino
Rama that they do not ask for ID when you hit a royal flush
of $2000. As you say, that it is still taxable for US
purposes.
--- Brian Lavoie <blavoie46@yahoo.com> wrote:
As far as I know, if a US citizen wins in Canada, there
is still no paperwork done. Can any of you verify this?
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I think this has been kind of run into the ground, but in the USA all
winnings are taxable. Even winning $2 is taxable, people get hung up
on the w2g that is generated if you win more than $1200 in one event.
It is funny, but it seems that table players are quasi exempt from
this, since I have seen many (at least a few times) table players win
more than $1200 on a hand/roll/whatever single event and never have
seen a w2g generated. But if you are $15 (or any amount) ahead at the
end of the year you are required by the IRS to declare it even if you
never received a w2g all year.
May we all be ahead at the end of this year!!!
Jim
--- In vpFREE@yahoogroups.com, Brian Lavoie <blavoie46@y...> wrote:
--- Brian Lavoie <blavoie46@y...> wrote:
> As far as I know, if a US citizen wins in Canada, there
> is still no paperwork done. Can any of you verify this?Private reply received:
As an American, I can confirm from my experience at Casino
Rama that they do not ask for ID when you hit a royal flush
of $2000. As you say, that it is still taxable for US
purposes.
Any decent VP (seems they had All-American there a few years ago...)
Also do they have any live poker??
TIA to all who respond..
Brian
"A Little Less Conversation, A Little More Action, Please"
Elvis Presley, 1968
You won't find any decent video poker in Minnesota. According to the compact between
the state and the tribes, the maximum video poker payout is 98 percent.
The only live poker in Minnesota that I'm aware of is at Canterbury Park in Shakopee (near
Mystic Lake Casino).
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