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tuffykipp
New Member

I filed my taxes with gambling winnings and just found out that the casino is not reporting those winnings to the IRS at all I never had to report them what do I do now

 
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JulieH1
New Member

I filed my taxes with gambling winnings and just found out that the casino is not reporting those winnings to the IRS at all I never had to report them what do I do now

You did the right thing by reporting the winnings even if the casino did not report it.  

The IRS very specifically states that "Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips."

If you feel you could offset the winnings by losses, you could do an amendment to include any losses you may have had in 2017 and possibly get some of the money back. 

Here is a link on losses.

https://turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/L4l...


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2 Replies
JulieH1
New Member

I filed my taxes with gambling winnings and just found out that the casino is not reporting those winnings to the IRS at all I never had to report them what do I do now

You did the right thing by reporting the winnings even if the casino did not report it.  

The IRS very specifically states that "Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips."

If you feel you could offset the winnings by losses, you could do an amendment to include any losses you may have had in 2017 and possibly get some of the money back. 

Here is a link on losses.

https://turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/L4l...


kellygary6
Returning Member

I filed my taxes with gambling winnings and just found out that the casino is not reporting those winnings to the IRS at all I never had to report them what do I do now

You did not mention if you had any single winnings over $1,200.  Casinos only report winnings from when they issue a W2-g.

 

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