> 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.
But, how do you handle what its value has become after it is played through once and it becomes real money?
Is the ending amount simply considered to be winnings, with nothing having been risked in earning it? In my opinion, it's a gift or "goodwill distribution" from CET to you, the amount of that gift is not determined until you have played it through.Like any gift you receive, it's not a taxable event for you. After CET has distributed a certain amount in any one calendar year (currently someplace around $14,000) to any one individual, I would think there would be tax consequences for them, but that's not the recipients concern. Jim
On Monday, January 5, 2015 4:57 AM, "bornloser1537@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:
> How do you look at points that you convert into cash back or free slot play?
I have never done that.
..... bl
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Posted by: Jim Engstrom <jimengstrom1@yahoo.com>
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