> --- In vpFREE@yahoogroups.
> >
> > When casinos give you free play as an example,
> > $100 and you have to put in say $5 to access
> > this extra play and when you cash out you
> > get $110, do you record that you made $105
> > or $5?
>
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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