[vpFREE] Royal Flusher trip - the Blunder Down Under

 

Hi y'all, in case you hadn't bumped into it, there's a verrrrry long trip report just finishing up.

The Quad Queen and I did a 3 week trip, starting with a few nights in Vegas, and then over to Australia (where we gambled), and to New Zealand, and back to Australia and the Great Barrier Reef (where we gambled), and then back to Vegas again.

The trip report page is in reverse order:

If you wanted, you could go to the bottom, click the last post, and then work through it using Next Post.

Enjoy!


--
Royal Flusher World www.royalflusherworld.com * Las Vegas the Royal Flusher Way www.royalflushervegas.com

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Posted by: Royal Flusher <royalflusher@gmail.com>
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Re: [vpFREE] Possible tax changes

 

William,


You were never able to completely offset taxable jackpots with losses unless your other itemized deductions  exceeded your standard deduction.  New standard deductions are 12,000 single and 24,000 married.  If you have zero itemized deductions you will pay additional tax on either 12,000 or 24,000 in imaginary income beyond your real income at the top of your tax bracket.  It may even kick you into a higher tax bracket.


Most people have some itemized deductions, but only a small number will now have more than the new standard deduction.  You will be one of those people because you will have 40,000 in gambling losses to report.  Make sure you include every possible itemized deduction or next year try to avoid W-2Gs by playing lower denominations.


Chris


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Posted by: cy4873@hotmail.com
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[vpFREE] Palms Buffet - big improvement

 

We are eating lunch there right now, invitation only, It opens tomorrow.

Vastly improved, much bigger better salad bar, a vegetarian gluten-free section called revival, with two fresh juices and other items. Also you can see the chickens and turkeys roasting, better desert section although apparently no pies. For lunch they had little shepherd pies and very good chicken pot pies. Also big roast cauliflowers you can have a slice of. Roastery section with turkey and pork etc. Asian section in World Pan seemed a bit weak for lunch. They are still ironing out any kinks like they didn't have mashed potatoes. Opening day service was excellent.

Prices seem to be $8.99 breakfast, 11.99 lunch, $17.99 dinner, $15.99 Sunday brunch. I don't know what sort of players discounts there are.

Palms is still under construction, front desk has been temporarily moved way in the back, the front parking lot and entrance is being revamped as they add more spaces which they need. There are walls everywhere as they read decorate. I am surprised at some of the things they moved like the front desk.

They are also adding celebrity chefs and closing the wonderful Alize. It will be interesting to see what the place looks like when it is finished.

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Posted by: Misscraps <misscraps@aol.com>
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Re: [vpFREE] Possible tax changes

 

I am a 1, 2, and 5 dollar player this would impact me greatly if I couldn't deduct

my winnings against my losses.
I probably have 40000.00 in taxable jackpots this year but I've lost around 57000.00


-----Original Message-----
From: lfcmja@verizon.net [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE <vpFREE@yahoogroups.com>
Sent: Thu, Dec 21, 2017 3:34 pm
Subject: Re: [vpFREE] Possible tax changes

 



---In vpFREE@yahoogroups.com, <ed.miller@...> wrote :

From what I've read your source is wrong. As I read it in NYT, the change is that for professional filers, gambling expenses (i.e., travel, etc.) will be added to gambling losses and then deducted from wins. The main effect being that professional filers won't be able to deduct expenses in excess of net win.

They're increasing the standard deduction, though, so the change will probably indirectly have a negative effect on non-professional filers.

I'm not even remotely a tax expert though.

Ed

On Mon, Dec 18, 2017 at 6:55 AM, w hat7do7you7want@... [vpFREE] <vpFREE@yahoogroups.com> wrote:
 
An acquaintance of mine, who happens to play VP at a high level of skill, told me something yesterday.

I did not confirm this, so it may be totally false.  However, if what he said is true, all gamblers need to be aware of the changes that may be coming.

According to this acquaintance, gamblers will no longer be allowed to deduct losses on their taxes.  i.e. the deduction for gambling losses will be eliminated.  This might happen as early as 2018.   This is all part of the new tax proposal that is underway.

According to this source, this will not affect the ability to offset losses for those who file as a professional gambler.and is restricted to a change in how one itemizes   Such losses would still be allowed as business expenses.

If anyone here knows more, please comment.

I know there are probably many people here who might be negatively impacted by these changes if they are enacted.

At a minimum, I suggest all gamblers who anticipate creating W2G events will want to pay attention to this situation and think about its impact before making any bets in 2018.

Or.... My acquaintance is totally wrong.  I sure hope that is the case.   


QZ


Now that its law...
Does anyone else have any further info on this extremely important topic  to vp players ?

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Posted by: William Lobuzzetta <lobo1971l@netscape.net>
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Re: [vpFREE] Possible tax changes

 

Hmm..reply didn't post.



Anyway since most members are rec players does anyone have any further news in re to deducting losses ?


For me if losses aren't deductible I am finished with VP .


LF

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Posted by: lfcmja@verizon.net
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Re: [vpFREE] Possible tax changes

 




---In vpFREE@yahoogroups.com, <ed.miller@...> wrote :

From what I've read your source is wrong. As I read it in NYT, the change is that for professional filers, gambling expenses (i.e., travel, etc.) will be added to gambling losses and then deducted from wins. The main effect being that professional filers won't be able to deduct expenses in excess of net win.

They're increasing the standard deduction, though, so the change will probably indirectly have a negative effect on non-professional filers.

I'm not even remotely a tax expert though.

Ed

On Mon, Dec 18, 2017 at 6:55 AM, what7do7you7want@... [vpFREE] <vpFREE@yahoogroups.com> wrote:
 

An acquaintance of mine, who happens to play VP at a high level of skill, told me something yesterday.

I did not confirm this, so it may be totally false.  However, if what he said is true, all gamblers need to be aware of the changes that may be coming.


According to this acquaintance, gamblers will no longer be allowed to deduct losses on their taxes.  i.e. the deduction for gambling losses will be eliminated.  This might happen as early as 2018.   This is all part of the new tax proposal that is underway.


According to this source, this will not affect the ability to offset losses for those who file as a professional gambler.and is restricted to a change in how one itemizes   Such losses would still be allowed as business expenses.


If anyone here knows more, please comment.

I know there are probably many people here who might be negatively impacted by these changes if they are enacted.


At a minimum, I suggest all gamblers who anticipate creating W2G events will want to pay attention to this situation and think about its impact before making any bets in 2018.

Or.... My acquaintance is totally wrong.  I sure hope that is the case.   



QZ



Now that its law...

Does anyone else have any further info on this extremely important topic  to vp players ?


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Posted by: lfcmja@verizon.net
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Have you tried the highest rated email app?
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[vpFREE] vpFREE Exchange - 20 DEC 2017

 

vpFREE Exchange - 20 DEC 2017

Listings now include:

- Casino-Related Items Store

- Enrolled Agents for tax assistance

- Professional Sports Jerseys

- Senior-level Freelance Technical Writer

- Vacation Rentals

- Vegas Job Links

The vpFREE Exchange is accessible via vpFREE Links"
or directly at:

http://www.west-point.org/users/usma1955/20228/V/Links_CX.htm

or

<a href="http://www.west-point.org/users/usma1955/20228/V/Links_CX.htm">
http://www.west-point.org/users/usma1955/20228/V/Links_CX.htm</a>

Any member who would like to have a listing in the vpFREE
Exchange should send me a private email with a short blurb
and contact information.

The vpFREE Exchange will be publicized by periodic posts
to vpFREE.

vpFREE Administrator

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DISCLAIMER

vpFREE is, and will always remain, a non-profit operation. Neither
vpFREE nor the vpFREE Administrator has any financial interest, direct
or indirect, in any commercial video poker related product or endeavor.

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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Have you tried the highest rated email app?
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[vpFREE] vpFREE Member Participation Expectations - 20 DEC 2017

 

vpFREE Member Participation Expectations - 20 DEC 2017

Every vpFREE member is expected to:

1. Vote in all applicable vpFREE polls and elections.

2. Report inventory changes to vpFREE2 and/or the vpFREE
forums, unless they believe it's better not to publicize the
games either for their own benefit or for the video poker
community as a whole.

vpFREE Administrator

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

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[vpFREE] Jackpot Pictures - 20 DEC 2017

 

Jackpot Pictures - 20 DEC 2017

The vpFREE Yahoo Photo Directory is now open to all vpFREE
members and they can / should upload their Jackpot Pictures
themselves.

vpFREE Yahoo Photo Directory:

http://groups.yahoo.com/group/vpFREE/photos/album/0/list

or

<a href="http://groups.yahoo.com/group/vpFREE/photos/album/0/list">
http://groups.yahoo.com/group/vpFREE/photos/album/0/list</a>

When uploading pictures please put them in the current "Jackpot Hands"
album (or the correct year's album, if taken in an earlier year) rather
than starting a new album.

After you upload a picture to the Photo Directory you're welcome
to share it with other members by posting a link to the picture
on the vpFREE forum.

If you shorten the link by using "http://tinyurl.com/" it will
make your picture easier to access.

vpFREE Administrator

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
Reply via web post • Reply to sender • Reply to group • Start a New Topic • Messages in this topic (1)
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

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[vpFREE] LVRJ: Boyd Gaming to buy Valley Forge Casino

 

LVRJ: Boyd Gaming to buy Valley Forge Casino

https://www.reviewjournal.com/business/casinos-gaming/boyd-gaming-to-buy-valley-forge-casino-resort-in-pennsylvania/

or

https://goo.gl/3af9ht

or

<a href="https://goo.gl/3af9ht">
https://goo.gl/3af9ht</a>

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
*************************************************

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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Have you tried the highest rated email app?
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[vpFREE] Re: NCL warning

 

We just completed a NCL cruise out of San Juan.  We saw this happen at almost every stop.  They are very clear about the time you have to be back aboard.  The ship typically leaves the port 30 or so minutes after that time.  They expect you to be embarked by the embarkation deadline they communicate, not the time the ship leaves the port.  Those names you hear being called over the public address system just prior to leaving the port?  Those are the people who weren't registered via check in by room key as embarking.

Overall we are reasonably pleased with NCL.  The food in the dining room can be hit and miss.  I had some great meals and some dismal meals.  However if you don't like what you ordered, you are welcome to order something else-and you should.  As for the buffet lines, sure there are some things that are not good.  But there is always a large enough selection if you look across all the lines that you can  find something that you like.  One night they even had Beef Wellington on one of the buffet lines during our stay.

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Posted by: rob ried <rreid01@yahoo.com>
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