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Taxes on Poker Winnings. I know you are supposed to file taxes, but can you avoid it? Honestly the reason I ask is because I would hate to win theI'm not a tax pro but Riess moving to the UK to avoid taxes sounds kind of fishy, first of all US citizens are taxed on income earned abroad, secondly the...
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Jul 01, 2013 · The Rules for Offsetting Casino Winnings for Tax Purposes. You can deduct Gambling Losses up to the extent of Gambling Wins, so they can be offset, but if you lose more than you win you cannot claim the loss any further than your winnings. Gambling Losses unlike other forms of Losses cannot carry over from year to year. Can IRS tax your winnings - Blackjack and Card Counting Forums Feb 23, 2011 · The casino also will ask your ID and make a note on your record just in case the players make a few trips to the cage and your winnings exceed $10,000 that day. What I was saying in the first post is that you don't win more than $3,000 to avoid taxation, or more importantly, to give your personal information to the casino so they know you can win.