Won/Loss Statement

The lighter side... playing for entertainment, less concerned about "the math."
Jstark
Video Poker Master
Posts: 1306
Joined: Thu Jul 04, 2013 10:16 pm

Re: Won/Loss Statement

Post by Jstark »

Sorry, just saw this. I USED to use a card.

Very possible that casino does it different. I've only ever seen amount won or lost on those statements. Never anything else.

tech58
Video Poker Master
Posts: 1369
Joined: Tue Mar 11, 2014 1:21 pm

Post by tech58 »

Jstark wrote:
Tue Feb 25, 2020 1:13 pm
I've never seen coin in figures on my win/loss statements in the past (I dont use players cards in my name anymore). Just dollar figures for wins or losses, with losses, if any, being in parentheses
Just curious JS but do you mean you use other peoples cards? No harm no foul there i use my wifes card often. But obtaining a new card requires picture ID so your not getting a card in some other name i wouldn't think? Your not a Russian Hacker getting one in Hillary's name are you? :P
Seriously only wondering about hand-pays and W2G's. Maybe you have a magic solution for that problem which you could share with us. :D

tech58
Video Poker Master
Posts: 1369
Joined: Tue Mar 11, 2014 1:21 pm

Post by tech58 »

Could i be digressing my own thread?
Guilty as charged! By myself i guess.
Seriously any stories out there on IRS reporting of yearly Win/Loss. Any request or audits proclaiming the need for detailed day-by-day logs or what does anybody use at tax time to use losses against the W2G total for the year?
How do you handle things at tax time? And does it work?

paco13
VP Veteran
Posts: 591
Joined: Fri Sep 05, 2008 9:58 am

Post by paco13 »

I just use my win/loss statements, So far no problems. My understanding is that they require detailed logs only if they consider you a professional gambler but I could be mistaken.

olds442jetaway
Video Poker Master
Posts: 9262
Joined: Tue Aug 21, 2007 9:08 pm

Post by olds442jetaway »

Mistaken your just lucky

Jstark
Video Poker Master
Posts: 1306
Joined: Thu Jul 04, 2013 10:16 pm

Post by Jstark »

tech58 wrote:
Fri Feb 28, 2020 3:07 pm
Jstark wrote:
Tue Feb 25, 2020 1:13 pm
I've never seen coin in figures on my win/loss statements in the past (I dont use players cards in my name anymore). Just dollar figures for wins or losses, with losses, if any, being in parentheses
Just curious JS but do you mean you use other peoples cards? No harm no foul there i use my wifes card often. But obtaining a new card requires picture ID so your not getting a card in some other name i wouldn't think? Your not a Russian Hacker getting one in Hillary's name are you? :P
Seriously only wondering about hand-pays and W2G's. Maybe you have a magic solution for that problem which you could share with us. :D
Haha. Just uses a couple of friends cards. If questioned about a hand pay, just say the person is taking a break and walking around. Never had a problem.

olds442jetaway
Video Poker Master
Posts: 9262
Joined: Tue Aug 21, 2007 9:08 pm

Post by olds442jetaway »

In Ct, they will check and it is whoever is sitting at the machine and hitting the buttons fets the jackpot. Valid ID and ss number required

tech58
Video Poker Master
Posts: 1369
Joined: Tue Mar 11, 2014 1:21 pm

Post by tech58 »

Got it JS. I have quite a few hand-pays on wifes card usually no questions. Only once they checked the camera and no problem.

tech58
Video Poker Master
Posts: 1369
Joined: Tue Mar 11, 2014 1:21 pm

Post by tech58 »

olds442jetaway wrote:
Fri Feb 28, 2020 6:56 pm
Mistaken your just lucky
Your post gives me pause,considering your experience and level of play.
Any audits or problems behind it?
Do you use a detailed log, as the IRS could probably require if i ever get "unlucky"?

Jstark
Video Poker Master
Posts: 1306
Joined: Thu Jul 04, 2013 10:16 pm

Post by Jstark »

"Detailed logs" can easily be faked.

Post Reply