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Today, 08:22 AM

Midwest Player started a thread Will KJ Retire After the Big Beautiful Bill Becomes Effective in Las Vegas & General Gambling

After all he says he made over 2 million gambling. How can anyone have a profit if you have to pay taxes on 10% of your Losses? Maybe he will have to...

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3 replies | 57 view(s)
07-06-2025, 08:17 PM

Midwest Player replied to a thread Big beautiful bill to fuck gamblers. in Las Vegas & General Gambling

The gambling amendment was included by U.S. Sen. Mike Crapo, R-Idaho ...

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98 replies | 3103 view(s)
01-31-2025, 08:17 PM

Midwest Player replied to a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

No KJ, I don't think filing as a business is overkill. Even though Russel Fox said filing as a business involves having to pay self employment tax,...

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22 replies | 2824 view(s)
01-31-2025, 02:13 PM

Midwest Player replied to a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

I'm not sure your statement is correct. See following links. ...

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22 replies | 2824 view(s)
01-31-2025, 01:11 AM

Midwest Player replied to a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

What if no tax was withheld?

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22 replies | 2824 view(s)
01-30-2025, 09:53 PM

Midwest Player replied to a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

KJ, did you ever hear of Russel Fox? He is 1 of only 5 tax attorneys in the entire country who specialize in tax gambling. He has a very good podcast...

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22 replies | 2824 view(s)
01-30-2025, 09:26 PM

Midwest Player replied to a thread A January to Remember in Las Vegas & General Gambling

I have played 35 sessions so far this January and only lost 3. Very possible. 91% win rate. However, I should mention 2 of those 3 losses were...

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78 replies | 3550 view(s)
01-28-2025, 04:03 PM

Midwest Player replied to a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

Yes, I file as a business and have been doing it for years. At one time Michigan didn't allow gambling losses, but now they do. I never had my...

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22 replies | 2824 view(s)
01-28-2025, 12:57 PM

Midwest Player started a thread Where to Report W-2G if File Taxes as a Business in Las Vegas & General Gambling

I got my first W-2G and don't know how to report this on my tax return. Can anybody help me? I think KJ once mentioned he files as a business...

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22 replies | 2824 view(s)

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