Online casino $1200 taxes

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The same goes for lottery and horse racing wins above $1200. Yet when playing online, paying taxes isn’t always so black and white. Americans who play at US-based online casinos will usually have to deal with withholding taxes just like in Las Vegas. Yet that only represents a small fraction of your entertainment options.

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This is a discussion on Taxes on online winning within ... for a net loss of $800 do you have to pay tax on the $1200. ... from a casino are considered earned ...

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Dec 9, 2018 ... If you are lucky enough to win when you go to the casino, you will not ... $1,200 ( not reduced by the wager) from slot machines or bingo

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