W-2Gs are meaningless to a professional gambler. They just report their net
win on Sch. C.
Aria has special software to accumulate all the reportable jackpots in a
session and generate a log, so you don't have to stop when you hit trips or
better.
Cogno
-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com] On Behalf Of
Bob Bartop
Sent: Monday, August 8, 2011 9:01 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: Huck Seed's $600K royal
--- In vpFREE@yahoogroups.com, Tim Warr <timwarr@...> wrote:
>
> How are taxes handled on a $100 JOB machine, you hit a full house, do you
need to have a 1099-GÂ every time?? Â Even a 3 of a kind would be over the
$1,200 limit. Â Â
>
Good question. I was also wondering how he's going to like his 0.65% EV
when April 15th comes around. I assume he's got it all covered since he's
been playing with the big boys for a long time.
------------------------------------
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