By
Sandy
Botkin
Gambling:
If you earn any income from gambling, it is taxable. This includes winnings
from fantasy football. Casinos must withhold from gross income if you earn
over:
$1,200 from slots
$1,500 from Keno
$5,000 or more from poker
$600 or more from horse racing
NOTE: you can deduct gambling losses against gambling winnings when you file your tax return. [more...]
$1,200 from slots
$1,500 from Keno
$5,000 or more from poker
$600 or more from horse racing
NOTE: you can deduct gambling losses against gambling winnings when you file your tax return. [more...]
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