> Poker circuit event where one of the travelling dealers and some of the
> players at the table were discussing taxes, and made it quite clear that
> income without paper work (W2, W2G, 1099, that pretty much forces you to
> file), is, in their opinion, not "reportable".
>
Many years ago, soon after I started playing VP, I hit a .25 JOB progressive
for something like $1190. It was a hand pay but of course no W2G. The
woman who paid said, "Wow, you were lucky to hit it before you had to pay
tax". I of course replied, "It's still taxable, I just don't get the
W2G." After a little mild disagreement, I just walked away wondering how
many others she had told the same wrong information.
>
>
--
Jack
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