Q: Is there a way to determine slot machine wins within a session rather than reporting $1,000 wins on w-2g to IRS?
W-2g wins within same day came to over 50,000 even though I had losses to cover this. It was still considered income now my social security disability is taxable at 85%
You have to report the W-2gs and reduce the amount of the winnings by your losses.
You cannot take those losses against any other income.
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