do you haveto claim taxes on casino winnings won outside the u.s.?

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do you haveto claim taxes on casino winnings won outside the u.s.?

2007-05-31 09:53:16 · 4 answers · asked by timmyjen2006 2 in Business & Finance ➔ Taxes ➔ United States

4 answers

US tax law applies to the WORLDWIDE income of US citizens and Permanent Residents.

2007-05-31 13:15:55 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋

Yes, but your can claim gambling losses, up to the amount of your winnings, if you itemize deductions on Schedule A.
(Almost all gamblers lose more than they win)

2007-05-31 21:05:01 · answer #2 · answered by r_kav 4 · 1⤊ 0⤋

If you are a US citizen or a resident for tax purposes, then you must include in your gross income any income you receive from any source, including gambling winnings.

2007-05-31 16:58:58 · answer #3 · answered by TaxGuru 4 · 4⤊ 0⤋

Its better not so you do not get n trouble

2007-05-31 17:01:18 · answer #4 · answered by kamool 3 · 0⤊ 4⤋