Re: [vpFREE] Gambling taxes as an Indiana Resident?

 

I didn't have this exact situation when we moved from IN to Vegas 12 years ago. There is this in the tax instructions:

"If you were a part-year resident and received income while you lived in Indiana, you must file Indiana Form IT-40PNR, Part-Year Resident or Nonresident Individual Income Tax Return."

But you would need to check with a tax professional to see if that applies to you.

------------------------------------------
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

From: Lisa
Sent: Monday, May 14, 2012 4:47 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Gambling taxes as an Indiana Resident?

I think Jean Scott used to be an Indiana resident.if you ask her this on her
blog maybe she can help you.

From: mailto:vpFREE%40yahoogroups.com [mailto:mailto:vpFREE%40yahoogroups.com] On Behalf Of
nita.royal
Sent: Monday, May 14, 2012 5:46 PM
To: mailto:vpFREE%40yahoogroups.com
Subject: [vpFREE] Gambling taxes as an Indiana Resident?

In preparing to move to Indiana, I did some reading on the archives here.
Finding some posts that caused concern regarding taxes, I did look up the
state tax forms, and am now seeking clarity.

If I am reading correctly, losses are not deducted against the wins that
must be reported. Having been burned in the past by the AGI impact a1lone,
this would appear to be motivation to avoid machine jackpots

I have played in Indiana for the past few years, and have had no problem
recovering the state taxes, as a non-resident.

However, since this move wasn't planned earlier this year, I have already
accumulated some W2Gs from Indiana, and other states. I'm guessing that I'll
be on the hook for these, even though they were received prior to becoming a
resident.

If anyone with firsthand knowledge can confirm or correct my understanding,
I'd be grateful. Meanwhile, I'm brushing up on my blackjack, and hoping I
can find nickel or quarter machines.

Appreciate any insights or advice!

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

__._,_.___
Recent Activity:
.

__,_._,___