Taxes On Casino Winnings

[CalLuvsCrusingToo]

I've only won on VP/Slots, in the ships casino, and if its over $1,200- you get a W2G, just like on Land.

 

I "thought" we were exempt at sea? But we ain't. lol

 

Usually the 1099 is for Contest winning, like if you won a major jackpot in a tourney.

This has happened to me in a Slot tourney. I got a 1099, instead of W2G.

 

Like others have mentioned......get a good "Gambling" CPA/Tax person.

Some who don't gamble, don't know what their talking about.

[cruzn buckeye]

bbb

Edited October 31, 2015 by cruzn buckeye

[1smudslide]

Even if you write off the losses on Federal, you still have to pay the state:(

[NMLady]

A question for casino customers. Let's say that I, an American citizen, while cruising on a foreign flagged ship, in International waters, won $5000 in the casino. What would be my tax liability?

 

Depends on your income and tax bracket.

[A4Audigirl]

No taxes on table game winnings only on slots.

[forecastle]

Never had a win/loss statement issued on a Carnival ship in fact some of the casino help didn't have a clue what I was talking about,

For all Carnival ships Holland,Costa etc go to the Ocean Players site,they will mail the info to you

[CalLuvsCrusingToo]

Ive never asked for a Win/loss statement on the ship, or From a ship.

 

Although I'm guessing you could. Never tried.

 

I Usually I have enough to cover it from OFF the ship. :cool:

[cruzn buckeye]

No taxes on table game winnings only on slots.

 

why would that be?

[A4Audigirl]

What I meant is they don't give you a 1099 to report on table game wins over 1200 like slots but you are supposed to report winnings to IRS