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114

This might belong in Showerthoughts, cept I'm really asking...

If you lived near a Casino, or like, In Vegas or somewhere similar....

Couldn't you.... go over and pull out all your paychecks from their ATM.....

Then play a $1 slot and leave.

Tax time comes around, chalk the whole year up as "Gambling Losses"

I imagine if this worked, someone would have already tried... still curious.

This might belong in Showerthoughts, cept I'm really asking... If you lived near a Casino, or like, In Vegas or somewhere similar.... Couldn't you.... go over and pull out all your paychecks from their ATM..... Then play a $1 slot and leave. Tax time comes around, chalk the whole year up as "Gambling Losses" I imagine if this worked, someone would have already tried... still curious.

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[–] • 0 pt

What about people like foreigners or illegals winning the lottery?

[–] [deleted] • 0 pt

The jackpot has taxes taken out before payment 1042S form is used

[–] • 0 pt

Thanks for the answer.

If the taxes are taken, out what is the 1042s for?

[–] [deleted] • 0 pt

No problem. I know tons of random casino things. 1042s is the tax form for foreign individuals to prove they paid taxes on their winnings, and for the casino to be able to send the money to the irs.