Friday the 13th gambling
For me, Friday the 13th is a lucky day. On the casino floor, we don't see an appreciable difference over any other second weekend play. For each person who avoids playing on that day, there is often another like me who decides to try their luck. If Friday the 13th is an unlucky day, there was no telling it in local casinos today. The afternoon at Casino MonteLago was moderately busy, pit boss Harry Spero said. It appeared some gamblers opted to stay home while others viewed the . Jan 28, · Pioneer Hotel & Gambling Hall: Friday the 13th in Laughlin - See traveler reviews, candid photos, and great deals Location: S Casino Dr, Laughlin, NV
Gamblers try their luck on Friday the 13th
I would stay here again. All gaming stories If Friday the 13th is an unlucky day, there was no telling it in local casinos today. The rooms are average, but a great deal for the rate we got. The hotel has exterior doors, so you do not need to walk through the casino to get to them. Las Vegas resident Helen Belmonte, 86, was one slot player who considered the day fortunate, but not necessarily by virtue of the number " The casino was a lot of fun.
Friday the 13th in Laughlin - Pioneer Hotel & Gambling Hall
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Proving Gambling Losses Supporting Documentation Generally, a taxpayer must report the full amount of his recreational gambling winnings for the year as income on his return. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races, and casinos, as well as the fair market value of prizes such as cars, houses, trips or other non-cash prizes. A taxpayer may not reduce his gambling winnings by his gambling losses and just report the difference.
Instead, gambling winnings are reported in full as income, and losses subject to limitation as discussed below are deducted on Schedule A. Therefore, if a taxpayer does not itemize his deductions, he is unable to deduct gambling losses.
Frequently, taxpayers with winnings will expect to report only those winnings included on Form W-2G. However, those winnings reported on W-2G forms generally do not include all winnings for the year, and the tax code requires all winnings to be reported. All winnings from gambling activities must be included when computing the deductible gambling losses, which is generally always an issue in a gambling loss audit. In other words, you can never show a net loss. The IRS has ruled that transportation and meal and lodging expenses incurred while engaged in gambling activities are nondeductible personal expenses that cannot be deducted against gambling winnings.
The IRS says that extraordinary comps, such as autos and jewelry, are taxable income. Thus, the winner of a sweepstakes includes as income the amount by which the prize money exceeds the ticket price, and the winner of a horse race includes as income the amount of prize money less the cost of the winning race ticket.
In computing the amount of income from winnings, the cost of losing tickets or other forms of wager is not netted against the winnings.