Please note that ONLY the Win/Loss statement is available online, and not copies of any W-2G or 1099-forms. Print your Win/Loss statement from the most recent tax year at any Promotional Kiosk. Insert your card at any Promotional Kiosk; Enter your PIN; Select “Account Info” Select “Win/Loss” Your Win/Loss statement will print.
My first try at getting my ITIN got me a rejection letter with a try again note basically.... don't tell you why it was rejected just that it was. Got the link and some pointers from one of the board members on how to go about getting this all done. Will be back in Windsor beginning of next month so plans are to visit the IRS office in Detroit with all my paperwork completed and run it by them before sending it in. As they don't send anything back when its rejected I will need to get another copy of my passport done .
Caesars was very easy to obtain the WIN /LOSS statement online
A request sent to PALMS even without my card number got me my WIN / LOSS statement in 24 hrs great customer service
South Point I used the online request link and will wait for the snail mail to arrive ...in this day and age what's wrong with a email ?
Tropicana got a fax request sent today for my WIN / LOSS statement ( included a email address but fully expect to be waiting on snail mail delivery)
Hopefully all arrive before the end of the month so I can get this moving along. They sure put up a lot of hoops to jump thru for us to get OUR money back but its one of those things I will work on just to say I did it myself. Some businesses here will do it for you for a FEE.... which to me would work out to about .$300-400 for this years return and ITIN. So nice of them isn't it.
Any other Canadians done this is recent years with success?
I am not a machine player so I could be off base here, but my understanding of your situation is that you hit some taxable jackpots (>$1200), they withheld money, and you need to apply with your ITIN and whatever to get it back. I don't see how the win/loss statement figures in.
Regardless, I wish you luck. Damn the man!
Why do you need a win/loss statement? ... I don't see how the win/loss statement figures in.
I request them and use them when preparing my itemized tax return.
The Win / Loss numbers, collectively, include amounts reported on W-2Gs; I add the total wins up and then the total losses.
So far the reported win has not exceeded the yearly loss.
W/Ls seem a reasonably defensible way to calculate your wins and losses, short of logging every bet at every machine and table game as the IRS might prefer.
It's Real World info.
Report the win on page one of the 1040, and deduct the (same amount) loss on schedule A.
So far, so good.
The WIN/LOSS statements to be able to show I really didn't win what they taxed me on
$2400 refund will fund my trip this year ..... if we complete the obstacle course they have setup
I request them and use them when preparing my itemized tax return.
The Win / Loss numbers, collectively, include amounts reported on W-2Gs; I add the total wins up and then the total losses.
So far the reported win has not exceeded the yearly loss.
W/Ls seem a reasonably defensible way to calculate your wins and losses, short of logging every bet at every machine and table game as the IRS might prefer.
It's Real World info.
Report the win on page one of the 1040, and deduct the (same amount) loss on schedule A.
So far, so good.
I report the same as you, but I don't bother looking at Win/Loss statements as they are an admitted 'best guess' by the casino that depends on how closely the pit boss watched your buy in, your color up, how many chips you tip the cocktail waitress or use to buy cigs, any chips you pocketed (intentionally or not) etc. Plus I play unrated almost all the time at BJ, so no luck there. I use my gambling spreadsheet for all of the numbers.
Anyway, I agree with your statement that it is 'reasonably defensible.' Just know that if you get audited, they will want a 'gambling diary' and the win/loss statement might be looked at as supporting information, but doubtful as a primary source. I have never been audited, but this has been my conclusion based on multiple sources. There's another long thread on this somewhere.
Sorry to derail your thread, coilman!
I need the ITIN to file a tax return....the W 2s (is that what they are called that show my winnings and taxes with held?) I already have...that's my only earnings in the US of A
The WIN/LOSS statements to be able to show I really didn't win what they taxed me on
$2400 refund will fund my trip this year ..... if we complete the obstacle course they have setup
I still don't understand. As I understand it, since you aren't a US citizen, the casino withholds taxes on big jackpots (for which you have W2-G showing each withholding). This is because you don't have an SSN so they want the money NOW. (If you are a citizen with an SSN, they will give you all the money but it will be tracked on your return.)
On other wins (i.e. small machine wins or table game wins), the casino doesn't withhold taxes.
How To Read A Casino Slot Machine Win Loss Statement Template
Your objective is to get back the money that was withheld from you. For that you need an ITIN. Why does it matter what other income (or loss) you had gambling? It's not taxable, and it wasn't taxed.Sorry if my tone is coming across as confrontational, I am not trying to pick a fight but am legitimately curious about how this all works.
Anyway, I agree with your statement that it is 'reasonably defensible.' Just know that if you get audited, they will want a 'gambling diary'
I keep that too ... sort of.
At the end of every trip, I write the name of the casino and the total I won or lost there every day as to each of my two games: craps and slots.
Why does it matter what other income (or loss) you had gambling? It's not taxable, and it wasn't taxed.
All gambling income is taxable. Every single dollar you win is taxable. Wins are not tax exempt because they don't force you to account for them. You are supposed to self report even a single $1 won in the casino.
W/Ls seem a reasonably defensible way to calculate your wins and losses, short of logging every bet at every machine and table game as the IRS might prefer.
It's Real World info.
Report the win on page one of the 1040, and deduct the (same amount) loss on schedule A.
Interestingly enough I had to go to the IRS the other day on unrelated issues, but while there I asked about what they would consider to be legitimate documentation of gambling losses and their answer was a w/l report from the casino(s). I asked, what about a log the player keeps themselves, the answer was along the lines of, 'Well, you could try that and it would be up to the individual examiner to determine if they would accept it or not, but a w/l report is the only guarantee.'
So be sure to turn in those players cards and make sure the floor supervisor gets all your buy-ins and tracks your average bet.
This year if and when I go I will keep track of it all..... which most likely will mean I will not hit a handpay
There are four ways to process a win loss document request: fax, mail, in-person at the Club M counter or online.
ONLINE
Access Win/Loss Statements and W2G Winnings Documentation with a Club M online account. Only Club M members with an online account can access statements.
BY FAX
Download and complete Win / Loss W2G Winnings form and fax to (952) 496-7160
BY MAIL
Download and complete Win / Loss W2G Winnings form and mail to:
Attn: Title 31
2400 Mystic Lake Blvd.
Prior Lake, MN 55372
IN PERSON
Download and complete Win / Loss W2G Winnings form and bring to the Club M counter.
To avoid processing delays make sure the form is completed. Your Social Security Number is required. Request forms are processed within five business days. W2G documents are mailed to the address listed on the request form. If you have additional questions call (952) 496-6978 or email us at taxinforequest@mysticlake.com.
THIRD-PARTY
If you are a legal guardian or have power of attorney, and are requesting W2Gs or win/loss statements on behalf of another person, please download and complete the request form below.