Tag Archives: Form W-2G

Six Tips on Gambling Income and Losses

Posted on July 22, 2013 by Camron Hoorfar

Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The IRS offers these six tax tips for the casual gambler. 1. Gambling income includes winnings from lotteries, raffles, horse races and casinos. It … Continue reading →

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Five Important Tips on Gambling Income and Losses

Posted on August 29, 2012 by Camron Hoorfar

Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. You can … Continue reading →

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