What if you hit a taxable jackpot when playing off the free-play-gift? I've always reported free play as normal play and winnings. After all, the amount you're playing through (say $250 in free play) isn't cash, it is in fact a gift. The casino is free-rolling you. If you lose every hand, nothing happens. But if you do win a hand, that means you win money (duh). And winning money, in any way, shape, or form, is supposed to be reported to the IRS on your tax forms, as far as I know, at least. Sure, you can probably get away with not reporting your free-play winnings/earnings/gifts to the IRS, but that's not a tree I want to climb.
"Jim Engstrom wrote:
>> A coupon from Caesars is not money and clearly says so on the coupon. If you lose the coupon (in a machine or otherwise) you have lost no money ...
Posted by: Shagatola <shagatola@yahoo.com>
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