Vfcasino Win Loss

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It's that time of the year again.... TAX TIME and if you don't already know, gambling winnings are taxable income. Hope you kept a logbook of your play throughout the year. Whether you won or lost money last year, keeping a proper record of your wins and losses is very important if you plan to keep more of your winnings at the end of the year.

Assuming you had a lucky day last year and hit a jackpot of $40,000. Before the casino hands over the money, they will make you fill out a W2-G form which lists your name, address and Social Security Number.

The reason you are required to fill out a W2-G form is that the Internal Revenue Service (IRS) requires casinos to report on a W2-G form all players' jackpots of $1,200 and above. In your case, your $40,000 jackpot becomes taxable income. Don't panic yet. Assuming throughout last year you lost $100 here and there for a total loss of $12,000. As long as you kept a proper log of your wins and losses, you will have gambling losses to deduct from your winnings thereby lowering your income tax.

Note: Please seek the advice of a Tax Professional on the current tax laws and which records you need to keep.

What is a Win/Loss Statement?

A Las Vegas Casino Win/Loss statement is an estimate of what an individual casino customer won or lost during a calendar year based on the player tracking information.

As far as tax documents go, a win/loss statement is one of the most important communications you had with the casinos you frequent and a very important document your tax professional will need.

The Win/Loss (Tax) Statement you will receive from your casino merely provides an unverified estimate of your slot and table game win/loss that you can use to compare to your own records and is not a substitute for the records you are required to keep under applicable State and Federal tax laws.

For information on your tax record keeping obligations, contact a reputable tax professional or go to www.irs.gov and use the search term 'gambling losses.'

Note: It's your responsibility to request a win/loss statement. Don't expect your casino to send it to you automatically.

How to read a Win/Loss Statement

What information is included on my Win/Loss (Tax) Statement?< br />Your Win/Loss statement is the total estimated dollar amount you have won or lost at a casino for certain recorded gaming activities. It's important to mention that this is an Estimated Statement and knowing how to read win loss statement is important.

1 The Win Loss Statement you receive from your Las Vegas casino is not a substitute for the records you are required to keep under applicable State and Federal tax laws. This is merely a statement that you can use to compare to your own records.
2 Your losses will be shown as negative amounts and will be reflected with parentheses.
3 Only the play recorded while using your players rewards card is included in these totals
4 Your win/loss information will include unverified, estimated slot and table game wins and losses, but does not include other wins or losses such as race and sports book wins and losses, poker wins and losses, keno wins and losses, slot tournament wins and losses, or giveaway party prizes.
5 The formula to estimate your net slot win/loss is calculated by taking total coin paid out of the machines, plus jackpots paid by hand currency, less total coin deposited into the machines as recorded while using your players rewards card.
6 The method to estimate your table game win/loss is done by a manual rating of your table game play that you have requested which is based on hands dealt per hour and average bet. Note: This information does not constitute a complete and accurate accounting record, but merely provides an unverified estimate of your slot and table game win/loss.

What Gambling Winnings are Reportable?

Report gambling winnings on Form W-2G if:
1. The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine,
2. The winnings (reduced by the wager) are $1,500 or more from a keno game,
3. The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament,
4. The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option of the payer, by the wager are:
a. $600 or more, and
b. At least 300 times the amount of the wager, or
5. The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

Below is list of Las Vegas Players Club Cards, their corresponding Las Vegas hotels and Casinos and a link to download a WinLoss statement request form.

For the casinos listed above, Win/Loss statements are available online at caesars.com/myrewards or on the Caesars Rewards app. They are available the first week in February for the previous year.
Follow these steps by step instructions to Access and print the past five year's Caesars Rewards win/loss statements
Note:Total Rewards is now Caesars Rewards

To obtain your Mlife Win/Loss Tax Statements, sign in to your M life Rewards account and navigate to 'Win/Loss (Tax) Info' in the top right corner by clicking on your name. Select the time period you would like to view. Your Win/Loss statement will automatically update based on your selection. Select 'Print Win/Loss Info' for a printable form.

For futher assistance, call M life Rewards Member Services at 866-752-7111 for assistance.

Valley Forge Casino Win Loss Statement

Log onto B Connected Online and Click 'Account' on the top menu to access your win/loss statement online.

Alternatively, you can visit the B Connected Club at your favorite Boyd Gaming casino in person to get your win/loss statement.

Also included are Delta Downs Racetrack Casino Hotel Par-A-Dice Hotel Casino Blue Chip Casino Hotel Spa IP Casino Resort Spa - Biloxi Diamond Jo Worth Evangeline Downs Racetrack & Casino

Log onto myBoardingPass online account and print only Win/Loss Statements for the most current year. Past Win/Loss Statements can be obtained by downloading and completing the Win/Loss Statement Request Form

Also included are Wildfire Casinos - The Wild Wild West, Barleys, The Greens, Wildfire Boulder, The Wildfire Rancho, Wildfire Lanes and Wildfire Sunset.

Grazie Desk Location
The Palazzo (Location 222)
The Venetian (Location 120)
Sunday - Thursday, 8 a.m. - 1 a.m.
Friday - Saturday, 8 a.m. - 2 a.m.

You can receive a copy of your current Club Grazie Win/Loss statement by contacting your Host, or sending an email request to [email protected]

To receive a Win/Loss Statement please download the Request Form below.
Download Win/Loss Statement Request Form

To receive a W2G Summary please download the request form below.
Download W2G Summary Request Form

Marquee Rewards and mychoice are now one. Player Services 1-800-829-9034, Open daily 10 am to 10 pm PST.

To request Win/Loss statements prior to 2016, follow this linkRequest Win/Loss Statement

**When you have completed the request form, bring it to the casino True Rewards Center, or mail it to the address listed on the form

PT's Entertainment Group
Win/Loss Statements for PT's Entertainment Group will be available after January 15th at your favorite gaming location:

• PT's Gold Pub PT's Ranch
• PT's Brewing Company Sierra Gold
• Sean Patrick's Pub & Grill SG Bar

Las Vegas Casino WinLoss Statement Download

Vfcasino Win Loss Payee

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Disclaimer
LasVegasHowTo.com is strictly a travel information website and in no way affiliated or associated with any Las Vegas casino, and/or it's respective companies. If you have specific questions regarding your win / loss statement, please contact the casino directly.

Vf Casino Win Loss Statements

Please do not contact us to request a Win/Loss Statement. Click on the link next to the casinos listed above or contact the casino directly.