Thread: Money Investing megathread extravaganza
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Old 07-13-2017, 06:45 PM   #1098
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
Quote:
Originally Posted by O.city View Post
I took 2 grand in cash and walked out with 14 g.


Holy hell man.

https://www.efile.com/taxable-gambli...-income-taxes/

Looks like it is just a flat 25% tax.

This link says you can only deduct losses if you itemize.

Personally, I'd just stick it in a savings account until tax time.

No W-2 G, I wouldn't report it.
Last edited by Buehler445; 07-13-2017 at 06:46 PM.. Reason: Too dumb to read.
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