No 1099s are issued for the Holiday Gift Shoppe at MGM properties, or for
the Grazie Gifts at the Venetian, no matter how large the amount you redeem.
I'm not sure about Harrah's, but I assume it's the same.
Brian
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In a message dated 2/8/2010 12:57:47 P.M. Pacific Standard Time,
ckonwin@yahoo.com writes:
Wouldn't this increase the chances of getting a 1099 form? I'm talking,
as a general practice, and not just at the specific example of the
MGM/Mirage Holiday Shoppe?
I'd rather have it hit a win/loss statement, which isn't submitted to the
IRS, than to get a 1099 form.
Disclaimer: Of course, I record and pay 100% of all taxes required by law.
--- In vpFREE@yahoogroups.com, BJDan1961@... wrote:
I may opt to take my MGM Mirage holiday gift points in gift
cards and resell at a discount on ebay and use the cash to play with
instead of
taking it as free play which I did this year only to find that the net
win
hit my win-loss statement.
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