![]() ![]() Then if you need to "prove" losses, the documentation casinos provide is really shoddy imo. First kiss your standard deduction goodbye as you will want to write off any losses. ![]() I'm not gonna push a button betting quarters hoping to win $500 and anything high stakes really gets cut into from taxes. basically once taxes are taken into account gambling really loses its appeal to me. But with literally no identifying information attached to it I'm not sure it will be. Chumba pays people to stream or post a video of them winning big and the person gets a percentage. Lastly, don’t pay attention to the YouTube videos as they are fake and prerecorded. Lastly if you are hosted, ask your host if you can get prioritized redemptions. I have both Chumba and Global cards so I am sure Luckyland has one too. My advice is to get the Chumba credit card because up to 4500 of your win can be sent to the card and made available immediately. I lost more than I won at Caesars this year so I'm hoping their w/l balance sheet paperwork is enough to prove i don't owe anything from the reported w-2g forms. Just like a player card at a live Casino and Chumba will reclaim the money if you choose to bet again. They save a ton of money by making you all wait like they do. Caesars also mailed w-2g forms for every win i had over $1,200. Caesars gives a basic w/l statement with no identifying information on it so there's no way for me to really prove its mine, eventhough it really is mine. Thays what I'm worried about, the casinos (bet mgm, borgata) only give yearly win/loss statements that literally read "not meant for tax purposes" even though that's what you would use them for.
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