tax code is very broad in how it defines what is taxable.
Here are some tax considerations to keep in mind if you're lucky enough to be in the black.What is Form W-2G?
Won $1,200 or more playing bingo or slots.
Exceeded $5,000 in winnings from a poker tournament.
But, she adds, "It's between you and the priest .
If your gambling losses, combined with all your other deductions, don't reach at least this number, you might not want to write off those bad bets.
If you have gambling winnings, it's worthwhile to understand the tax considerations in the state where you live and where you gambled.
Even FanDuel, one of the country's leading online sports betting platforms, doesn't hazard a guess about how states will handle gambling proceeds.
faux saint laurent bag