Re: "If you win $10,000 Free Play, no tax form"
This is not true in my case. And, I'm pretty sure that each casino handles
it differently.
I won "Free Play" in more than one tournament during the year at the same
casino. None of the individual prizes were over $600. But, the total for
the year was over $600.
I got a 1099 in the mail for the cumulative total of Free Play that I won.
However, the Free Play that I earned during the year was NOT included in the
1099.
On 1/15/08, vegasvpplayer <vegasvpplayer@
>
> If you win a $10,000 cash prize in a casino contest, you get a tax
> form. If you win a $10,000 watch, you get a tax form. If you win
> $10,000 Free Play, no tax form. In my way of thinking, this suggests
> that one is "expected" to report Free Play proceeds when redeemed. JMO
>
>
>
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