What if I am worried about filing my taxes because I might get busted for playing online poker? You can simply describe your poker winnings as "gambling winnings". Tax Court « Taxable Talk R[espondent] assessed these deficiencies, filed a notice of Federal tax lien (NFTL), and issued notice and demand for payment of the liabilities, and, when P did not pay, issued to P a notice of the filing. Updates | Wordhouse Wealth Coaching Evidence-Based Investing “Passive Investing” is no longer the best term for describing our investment philosophy. In the good old days, there was passive investing versus active speculation.
Gambling is something that many people enjoy doing either on a regular basis or now and again. Of course, gambling is a much more enjoyable pastime when you are winning rather than losing!
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Fact Sheet 1104 revenue.wi.gov Do I Pay Tax on My Gambling Winnings in Wisconsin? Yes, gambling winnings are fully taxable and must be reported on your Wisconsin income tax return. You may claim a credit on your Wisconsin income tax return for any Wisconsin income taxes withheld from your gambling winnings.
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Im filing mytax returns now, and i got a 1099-misc from gambling winnings, but i lost it all back, how do i? file it as a loss so it doesnt deduct from my return? All of my friends were telling me not to sweat it cause I lost it all right back but I entered it in and it took out about 300 from my return, but I cant find the option to claim it ...
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