My $130,000 win earlier this month at the live tournament was at an Indian casino. Thus they take EXACTLY nothing out of the pot for taxes. So I will owe a good $35,000 or so from that. But I have saving all of my receipts including travel expenses. I will also get reports from sportsbooks as well. My problem is that I am up at quite a few sportsbooks this year
uppy: 
'playersonly69 said:
Please refer to this article in the FINANCIAL FORUM.............it comes with my highest recommendation in regards to GAMBLING TAXES and one that I completely agree with having paid taxes on gambling winnings the past 15+ years.
http://forum.therx.com/showthread.php?p=3603484#post3603484
Fishhead said:
Nice article that I will definitely read later tonight. I havepaid taxes on my gambling since back in 1996 from back when I used to receive those damn 1099's from the dog track.
I did receive a 1099 from the poker win earlier this month, so that will be reported.
Later tonight I will post something that happened to a friend of mine who bets on the dogs and horses and he got audited 2 years ago. It is a good read, but I dont have the time to type it out right now. I may make a seperate thread just for that story in case more than just the 3 of us actually pay taxes around here.
