2007-02-15 10:09:47 · 6 answers · asked by Doug D 1 in Travel ➔ United States ➔ Las Vegas
If you were taxed you should have filled out paperwork and either should have or should get a W2G form from the casino.
You are allowed to defer gambling losses from your winnings, so you would be getting a refund on some, most, or all of the money that was taxed at the time of the win.
From the back of the form:
Generally, report all gambling winnings on the “Other
income” line of Form 1040. You can deduct gambling losses
as an itemized deduction, but you cannot deduct more than
your winnings. Keep an accurate record of your winnings and
losses, and be able to prove those amounts with receipts,
tickets, statements, or similar items that you have saved.
If you gamble in a casino using a player's card, you should be able to request a win/loss statement. Accurate record keeping is the key to claiming gambling losses.
2007-02-16 02:26:29 · answer #1 · answered by H_A_V_0_C 5 · 0⤊ 0⤋
What do you mean reclaim the money? You want the money you paid for taxes back? It doesn't work that way.
2007-02-15 10:13:36 · answer #2 · answered by They call me ... Trixie. 7 · 2⤊ 1⤋
send me all the winnings + a 50% accounting fee, then you can reclaim the entire amount from the federal gov. along with the "accounting fee" and really stick it to them!
2007-02-16 02:44:49 · answer #3 · answered by Pat G 2 · 0⤊ 0⤋
You can only recliam your taxed winnings if you are visting the USA, I wona huge Jackpot on the slots and they taxed me there on the spot. But when I was departing and returnning back to Australia I claimed it back at the air port on my departure.
But if ya live in the USA I was told ya couldnt unless ya state your a Pro Gambler, and you can also claim your losses. But I am not to sure about the Latter.
2007-02-15 22:41:46 · answer #4 · answered by scratch_n_sniff 3 · 1⤊ 1⤋
However you won the casino should have given you all of the money and then also given you an IRS form 1099, which you had to sign for, to uses when filing your taxes. When you file you taxes you include as income what you won, BUT you can deduuct from that, on a different line I think, what you lost. WHISPERING .... WE KNOW YOU LOST ALMOST AS MUCH AS YOU WON .... SO YOUR NET GAIN WAS ABOUT $25 .... get my drift.
2007-02-15 13:32:53 · answer #5 · answered by TINKERTOY ..... the 1 & only 7 · 0⤊ 4⤋
you can't reclaim that....you pay taxes on your winnings....
2007-02-15 10:23:49 · answer #6 · answered by Anonymous · 1⤊ 1⤋