12/28/2023 0 Comments Gambling winnings reported to irs![]() He has obtained reports from the casinos summarizing his tracked activity for 2019. Bright’s gambling activity while using the player’s card. He typically uses a player’s card issued by a given casino to place bets from his balance on the card. He primarily plays slot machines, and his sports betting takes place at Diamond Jo. He plays different games including slot machines and table games, specifically blackjack, and he bets on sports. These include Mystic Lake Casino and Treasure Island Resort and Casino in Minnesota, and Diamond Jo Worth Casino in Iowa. ![]() Bright principally tries his luck at three casinos. Bright recognizes and regrets the negative effect that gambling has had on his life. His bank account records show that his account frequently had a low or negative balance in 2019. He cashes most of his paychecks to gamble and loses substantial amounts of money. He has gambled more frequently in the last 4 to 5 years. He began gambling when he was 18, primarily to make money, but also for entertainment. He completed two years of college, where he studied automobile repair, but he performs storm restoration work as his occupation. Jacob Bright has been gambling for half his life. ![]() The facts of the case, reported as a bench opinion, begin with a description of Mr. 10095-22, discovered that he was going to be stuck with total gambling income that was reported on his original return, even though he had no idea where his tax preparer had come up with that number. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |