Video Poker Forum

has anyone ever dispute a win or a loss reflecting on there win/loss statement?
i plan on going to the casino next week and im going to say this they are going to say that

what was your verdict? 200 points in a pool of 20k and 1dollar 1 hour isn't worth it per trip if if im going to build up tax money at the end of each year.

also would like to know if your wife lost say 4,000 and you won 1,200$

do you still owe taxes on that 1200? or do they deduct from the 4k?

My won loss statement is always going to be somewhat inaccurate due to the omission of my one table roll per trip. I've simply concluded that it will be a wash by year's end.

If you file a joint return, all of your gross gambling winnings are taxable and added together. To deduct any losses from gross gambling winnings, you must itemize your deductions on your Federal return. And of course you cannot deduct losses in excess of your winnings. Unfortunately, gross gambling winnings could include other things in addition to the amounts shown on forms W-2G.

Many want to use casino statement at end of year for loss. If an audit comes from IRS you really need the following,the IRS has the proper legal authority to disallow the usage of most casino win/loss statements.

This procedure requires taxpayer-gamblers to maintain an accurate diary or similar record, supplemented by verifiable documentation of wagering winnings and losses. The diary must contain the following information:

For slot machines, the Service further requires that a taxpayer record all winnings by date, time and slot machine number . But because few taxpayers (especially recreational gamblers) maintain convincing records of their gambling activities, they can be left paying tax on their gross W-2G winnings, without any offset for gambling losses. Unreported W-2G winnings can also result in the imposition of penalties and interest.


1. Date and type of specific wager or wagering activity;

2. Name and address or location of gambling establishment;

3. Name(s) of other person(s) (if any) present with the taxpayer at the gambling establishment; and

4. Amounts won or lost.

https://www.morrellawpllc.com/tax-prepa ... tatements/

Yep