Quote:
Originally Posted by mrvette
So watt are the tax consequences on that?? I win like that say ten grand, even 100k or more, I would demand cash, and leave ASAP.....
no paperwork, and I would hope I didn't have to ID myself to the casino....
so I never been gambling, walked through on about 5 years ago, but never played anything.....
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Any slot jackpot $1,200 or above requires a W-2G form filled out and signed by the jackpot winner. No chance of avoiding paperwork and producing ID for the jackpot. IRS wants their cut no matter what.