vpFREE2 Forums

Taxable 4 aces

#1

Table games rules are different. I think the rule is if they cash out

$10,000 in chips or more, it gets reported to the IRS. Individual hands
aren't taxable AFAIK.<<

They withheld taxes from a %5,000 jackpot I won at a table game. They
will withhold any win from a payoff of 1,000 to one or more.

Karen

The World is a book, and those who do not travel read only a page. -Saint
Augustine

[Non-text portions of this message have been removed]

#2

krallison416@aol.com wrote:

They withheld taxes from a %5,000 jackpot I won at a table game. They
will withhold any win from a payoff of 1,000 to one or more.

Well, I suppose that's true. Also from wins with a payoff of 300 to one or
more, provided the total is at least $600. At least that's what the IRS says
in the instructions for form W-2G. You may have better information.

Cogno