do you file?

[Grumpy1]

Recently won 4000 in a casino playing poker. Do I have to claim this on my taxes?

[Niediam]

Yes.

You must declare all winning sessions as misc income. If you wish you may also deduct all losing sessions by itemizing your deductions.

[Pog0]

Did the casino get your name? Did you just take it in cash?

[Grumpy1]

I just went and took my chips and they gave me cash. They didn't ask me my name.

[Kurn, son of Mogh]

By law, you have to report the income. But if you don't, how will the IRS ever know you won?

Now you have to determine the EV of your decision. [img]/images/graemlins/cool.gif[/img]

[The IRS]

We do know. Rest assured that the EV of your decision is (33% of 5000 - anal rammings 3 times a day by HIV positive inmates for a minimum of 5 years).