Poker Tournaments's tag archives
What are the federal income taxes for these gambling games, and make it simple because I’m fifteen?
Lestavis H asked: 1. Casino Games
2. Lottery Games
3. Horse/Dog Races and other wagering transactions
4. Bingo
5. Slot Machines
6. Keno
7. Poker...
Federal Income Tax of these Gambling Games?
Posted under General Keno on Wednesday, 8 April 2009 by admin
Lestavis H asked: 1. Sweepstakes, Wagering Pools, Lotteries, and other wagering transactions if the winnings are at least 300 times the amount wagered
$0-$599 - Get it at lottery ticket retailer
$600-$5000 - ?
Exceeds $5000 - ?
2.Casino Games
$0-$599 - Get at casino register
$600-$5000 - ?
Exceeds...
