Do i need to do a P&L for casino losses?

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  • lil2rich4u2
    ICQ: 175171926
    • Oct 2002
    • 11046
    #1

    Do i need to do a P&L for casino losses?

    They came up and explained that it is policy to get my social security number if my bets exceed $10k

    i gave it to them.

    now will i get a statement from them? Or do i need to keep my own records?
    HEY!!

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    Tags: None
    • detoxed
      vip member
      • Jan 2003
      • 17798
      #2
      someone just stole your identity

        Comment

        • lil2rich4u2
          ICQ: 175171926
          • Oct 2002
          • 11046
          #3
          Originally posted by detoxed
          someone just stole your identity
          HEY!!

          Unbeatable hosting! Customer service is top notch!

          --> ISPrime <-- Do a search on any board, their reputation is rock solid .. for years!!

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            • strobi
              Confirmed User
              • Nov 2002
              • 7383
              #4
              10k$ losses? you're fucked

                Comment

                • HowlingWulf
                  Confirmed User
                  • Nov 2001
                  • 1662
                  #5
                  It's only their policy to track you better. When it happened to me I talked to a casino host and they said they don't report anything to the IRS and don't sent out a statement. This was at Foxwoods, CT so _maybe_ it's different elsewhere. Call them up and ask. As far as I know it's you who should keep track of wins vs losses and report accordingly.
                  WP Porn directory/review theme Maddos $35.

                  webmaster AT howling-wulf.com

                    Comment

                    • BradM
                      Confirmed User
                      • Dec 2003
                      • 3397
                      #6
                      RICH!!!! Guess who's back... back again

                        Comment

                        • lil2rich4u2
                          ICQ: 175171926
                          • Oct 2002
                          • 11046
                          #7
                          Originally posted by HowlingWulf
                          It's only their policy to track you better. When it happened to me I talked to a casino host and they said they don't report anything to the IRS and don't sent out a statement. This was at Foxwoods, CT so _maybe_ it's different elsewhere. Call them up and ask. As far as I know it's you who should keep track of wins vs losses and report accordingly.
                          yes mine is at foxwoods also

                          Im going back in 2 weeks with twice that much to make back my money ....

                          wish me luck lol
                          HEY!!

                          Unbeatable hosting! Customer service is top notch!

                          --> ISPrime <-- Do a search on any board, their reputation is rock solid .. for years!!

                            Comment

                            • lil2rich4u2
                              ICQ: 175171926
                              • Oct 2002
                              • 11046
                              #8
                              PS, wtf do i have to do to get a room comp???

                              $10k down and i dont get a room? sheesh
                              HEY!!

                              Unbeatable hosting! Customer service is top notch!

                              --> ISPrime <-- Do a search on any board, their reputation is rock solid .. for years!!

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                                • torrey
                                  Confirmed User
                                  • Jan 2004
                                  • 1656
                                  #9
                                  Originally posted by lil2rich4u2
                                  PS, wtf do i have to do to get a room comp???

                                  $10k down and i dont get a room? sheesh
                                  they should have offered one if you lost 10k, if not tell the pit boss, 90% of the time they will deliver in minutes

                                    Comment

                                    • pornstar2pac
                                      Omaha Hi/Lo
                                      • Nov 2003
                                      • 17380
                                      #10
                                      Originally posted by lil2rich4u2
                                      PS, wtf do i have to do to get a room comp???

                                      $10k down and i dont get a room? sheesh

                                      you ask before you blow the money. you tell them you are a fool and have $10k to waste, and you get the penthouse suite
                                      Trump haters gonna hate. that's all they can do

                                        Comment

                                        • evildick
                                          #11
                                          You have to report your gambling winnings in the U.S.? You should take a trip to Windsor, Ontario next time instead.

                                            Comment

                                            • StacyCat
                                              Confirmed User
                                              • May 2002
                                              • 1167
                                              #12
                                              You have to report any winnings over 1200. You can deduct losses up to the amount of your winnings (so, if you won 10k and lost 10k, you dont have any winnings). But, you cant deduct straight losses, so if you only lose 10k, you are fucked.

                                                Comment

                                                • EviLGuY
                                                  So Fucking Banned
                                                  • Apr 2003
                                                  • 12745
                                                  #13
                                                  Originally posted by detoxed
                                                  someone just stole your identity
                                                  ROFL.

                                                    Comment

                                                    • Illicit
                                                      wtf ?
                                                      • Dec 2003
                                                      • 11895
                                                      #14
                                                      Originally posted by lil2rich4u2
                                                      yes mine is at foxwoods also

                                                      Im going back in 2 weeks with twice that much to make back my money ....

                                                      wish me luck lol

                                                      you like making donations to the indians dont you ?
                                                      Insert Sig Here

                                                        Comment

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