ARE CASINO WINNINGS Taxed?

mystique

Posts: 138

Joined: Oct 27, 2006 12:37 pm

Posted: Feb 07, 2007 2:59 am

CURIOUS I AM RECIEVING A CHECK THAT WILL BE DEPOSITED INTO MY SISTERS ACCOUNT FROM A CASINO WE ARE WANTING TO KNOW IF YOU KNOW OF TAXES BEING TAKEN OUT OR WILL THEY TAKE THEM OUT ONCE WE RECIEVE THE MONEY??

nettelarr42794

Posts: 4462

Joined: Dec 02, 2005 1:21 am

Posted: Feb 07, 2007 3:03 am

I have never had taxes taken out of my winnings

TDTAT

Posts: 109270

Joined: Mar 11, 2006 7:06 pm

Posted: Feb 07, 2007 3:10 am

mystique, It is up to you to report gambling winnings..
online casino wins do not have a W2 or have taxes withrawn

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