Betting and taxes

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Sep 21, 2004
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Does anyone claim winnings or loses on their taxes? I think you are supposed to claim them if they are over 10K...is that correct?
 

Stacking Dimes in NFL
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Feb 22, 2009
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i would ask your accountant; be careful though because if you go for a loan these days and they see "gambling losses" you will have to answer questions,
of course you can always claim you won a poker tourney if you win
 

He IS $$$
Joined
Feb 9, 2008
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Are you a taxpayer??? When I sat down to read the IRS manual it started off by saying " Dear Taxpayer" I searched for the section addressed to "Dear non taxpayer" but could not locate it. There is no section for it that I found so, I guess there is nothing to do.
 

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