Here is my question
I was given a $1000 "bonus"---like slot dollars from Harrahscasino. com in New Jersey. I played the amount through over several different gaming sessions (days) on a number of different slot, video poker, black jack, and roulette games and ended up apparently converting that $1000 dolars into slightly over $1200. Now the online casino has sent me the paperwork to complete for a W2 form saying the winnings---in whole are taxable because it was won on "bonus" money even no one event netted a win bigger than $450.00---is this correct/ legal ?
To: vpfree@yahoogroups.com
From: vpFREE@yahoogroups.com
Date: Thu, 21 Aug 2014 21:31:44 -0700
Subject: [vpFREE] XVP --- Legal Questions Sought
I was given a $1000 "bonus"---like slot dollars from Harrahscasino. com in New Jersey. I played the amount through over several different gaming sessions (days) on a number of different slot, video poker, black jack, and roulette games and ended up apparently converting that $1000 dolars into slightly over $1200. Now the online casino has sent me the paperwork to complete for a W2 form saying the winnings---in whole are taxable because it was won on "bonus" money even no one event netted a win bigger than $450.00---is this correct/ legal ?
To: vpfree@yahoogroups.com
From: vpFREE@yahoogroups.com
Date: Thu, 21 Aug 2014 21:31:44 -0700
Subject: [vpFREE] XVP --- Legal Questions Sought
On next Thursday's "Gambling with an Edge" radio show, attorneys Bob Nersesian and I Nelson Rose will both be guests. The format will be for Richard and I to pose a question and let those two go at it --- hopefully at least some of the time they'll have differing opinions. And then five or so minutes later, pose another question.
Richard and I are searching for good gambling-legal questions to pose to these attorneys. the best questions will be those where intelligent people can differ as to the right answer. The show will be taped Monday night for the airing at the usual time, so any questions suggested must be by Monday noon. You can post them here or at gamblingwithanedge@gmail.com
Thanx
Bob
Richard and I are searching for good gambling-legal questions to pose to these attorneys. the best questions will be those where intelligent people can differ as to the right answer. The show will be taped Monday night for the airing at the usual time, so any questions suggested must be by Monday noon. You can post them here or at gamblingwithanedge@gmail.com
Thanx
Bob
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Posted by: Kristine Hood <kcjhood@msn.com>
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