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Old 3rd January 2008, 11:55 PM
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Quote:
Originally Posted by babs7262 View Post
Im waiting for my win/loss from the Trop, Hey Winbig? Did you know any losses are now tax deductible as long as you dont win more than you lose all togehter. even online gambling? It was on KYW news the other day. Im gonna add up everything and use it as a deduction
Always has been for as long as I have been paying taxes. A very confusing tax code which is almost impossible to comply with as any winnings not net winnings or losses must be recognized as income which will possibly affect your AGI and thus adjusts your itemized deductions and possible marginal tax rate (Assumes you itemize). Then losses are deductible against winnings only. No carrybacks or carryfowards....I think there are some threads on this subject in the forum but iirc there was alot of incorrect info. and I can not give tax advice either...Consult your accountant or tax advisor disclaimer!.......That said, most simply (contrary to the actual ridiculous and almost impossible to comply with tax code) offset net winnings with net losses but as you say net losses are only deductible against winnings in the year incurred.....I will find a good article I have and post in a new thread in case I said something incorrect but once again consult your tax advisor....table players should also keep their own supporting documentation as B & M win/loss statements are very rarely correct especially the more you play and if you have a credit line,etc.. I have had them off as much as medium 5 figures on trips.
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APRIL 2008 IN A THREAD POST BY JOHN WRIGHT aka ROCKBET JOHN:
"Our current terms are as follows, 2k/day and 4k/week...................... All casinos want you to play back your winnings. This topic will open up a larger debate involving............, ethics"

Last edited by NASHVEGAS; 4th January 2008 at 12:04 AM. Reason: There was also something on taxes iirc for Poker but not sure what since I do not play
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Old 4th January 2008, 05:40 AM
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WOW Robwin!

Thanks for all those great screenies - we dont have slots like that over here, you almost have to have an engineering degree to play them in Oz!!

Its probably a rude question, but are you ahead after all those??? I could imagine things getting pretty nasty in a long dry spell.
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Old 4th January 2008, 05:45 AM
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Quote:
Originally Posted by Nifty29 View Post
WOW Robwin!

Thanks for all those great screenies - we dont have slots like that over here, you almost have to have an engineering degree to play them in Oz!!

Its probably a rude question, but are you ahead after all those??? I could imagine things getting pretty nasty in a long dry spell.
You're welcome....

Actually I am ahead fairly well for 2007, could not say the same thing for 2006 though, but this year has more than made up for the losses of 2006...
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Old 4th January 2008, 06:46 AM
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Nice Wins RobWin......but I'm still amazed at how many of those came from Harrah's Cherokee. Cherokee is known for being such tight-as#@s!


Way to go!!!!

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Old 4th January 2008, 06:56 AM
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Quote:
Originally Posted by bb28 View Post
Nice Wins RobWin......but I'm still amazed at how many of those came from Harrah's Cherokee. Cherokee is known for being such tight-as#@s!


Way to go!!!!

Thanks bb28, I agree about Cherokee, you just never know up there if they are going to be loose when you go or not, I guess you can just chalk it up to shear luck...being at the right machine at the right time...I've had a lot of bad nights up there too !
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Old 4th January 2008, 02:40 PM
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My first RF in 2008
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Old 4th January 2008, 02:47 PM
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Originally Posted by retlaw View Post
My first RF in 2008
...and you needed how many "spins" to get that????
congrats - i am just jealous. i even couldn`t get one in the "free-mode".....
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Old 4th January 2008, 04:51 PM
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And today my second RF.
Both on 32Red and All Aces.
Never had it on 2 consecutive days on the same casino.
This was my 3rd spin on 32Red All Aces today.
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Old 4th January 2008, 05:07 PM
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Quote:
Originally Posted by retlaw View Post
And today my second RF.
Both on 32Red and All Aces.
Never had it on 2 consecutive days on the same casino.
This was my 3rd spin on 32Red All Aces today.
thats just too prettycongrats!!........................ ....laurie
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Old 4th January 2008, 05:31 PM
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Yesterday I busted out at Simon Says (Rival) and today they gave me a free $10 chip. I was low-rolling in Scary Rich, got free spins right at the end and this was my second spin. I know it's not huge, but wanted to post it cause it's a really decent payout on a 20 cent bet! LOL - if you see the difference between the win and my balance, you'll see the need for low rolling. For those of you who aren't familiar with this game, the dracula character expands to fill the reel.

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