Casino Del Sol Win Loss Statement
A casino win/loss statement is a report or letter from a casino that summarizes a person’s gambling activity. Typically, such reports total the gambler’s activity by year, activity, and location.
Casino Del Sol Win Loss Statement
Casino Del Sol Tucson Az Win Loss Statement
Frequently, the IRS refuses to accept a casino’s win/loss statement as evidence of a gambler’s losses. As an alternative, the IRS recommends that a gambler use a gambling diary or log to record their transactions by gambling session.
In general, many gamblers prefer to use casino win/loss statements because they are easily obtained from the casino. However, what many gamblers don’t realize is that casino win/loss statement can actually cause a gambler to pay more income tax.
Furthermore, the “disclaimer” language which states that that information contained in the casino win/loss statement is not reliable or accurate causes both the IRS and gamblers much consternation, confusion and aggravation.
It is important to remember that casino win/loss statements are not “official” IRS forms like Form W-2G Certain Gambling Winnings or Form 5754 Statement by Person(s) Receiving Gambling Winnings. As a result, the IRS does not regulate the format or time of delivery of casino win/loss statements.
For more specific information regarding a particular casino win/loss statement, please contact the casino or a qualified tax professional.
Casino Del Sol 5655 W Valencia Rd. Tucson, AZ 85757.
Casino Del Sol Win Loss Statement Example
- WIN/LOSS STATEMENT REQUEST INSTRUCTIONS: 1) Please complete all sections of the form:. Year ending, (The year you want your statement to cover). Print your full name. Birth date mm/dd/yyyy. Your ONE club number, if known. Your complete address. Check how you would like to receive your Win/Loss letter. Your signature.
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