Quote:
Originally Posted by O.city
I took 2 grand in cash and walked out with 14 g.
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Holy hell man.
https://www.efile.com/taxable-gambli...-income-taxes/
Looks like it is just a flat 25% tax.
This link says you can only deduct losses if you itemize.
Personally, I'd just stick it in a savings account until tax time.
No W-2 G, I wouldn't report it.