- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 1/24/17 at 8:18 am to foshizzle
quote:
One thing I would *not* do is play more slots.
It's not a habit of mine, I assure you. We were at the Beau Rivage for a work get-together and I put $20 in a machine and hit the "Grand" progressive jackpot on a $3 bet. I didn't even know what I had won.
Posted on 1/24/17 at 4:19 pm to toosleaux
Depending on the age of the house and when you plan on moving, some home improvements to improve the value. I've been in mine for almost 10 years, but I refinanced 5 years ago. I wouldn't bother paying down principal on the mortgage or the truck note. Update a kitchen/bathroom and you get to enjoy it and it is a bonus when you go to sell.
Posted on 1/24/17 at 4:48 pm to toosleaux
Definitely pay attention to the tax implication. If you can get win/loss statements from other casinos or come up with some other proof of legal gambling losses to counteract the winnings it would be very beneficial. It may be worth your while to go to a horse track and creatively lose your arse off. Collect all of "your" losing tickets and use them as back up for your write off.
Posted on 1/24/17 at 7:26 pm to toosleaux
10k invest 3k checking
Posted on 1/25/17 at 7:10 pm to toosleaux
Take a nice vacation. Pay off any debt.
Posted on 1/25/17 at 8:02 pm to toosleaux
quote:
I let them deduct the state taxes out of it and they told me I will claim it as income when I do my federal taxes at the beginning of next year. I really don't think it would add so much to my income that I would need to set aside half? I'm not much of a gambler and it was total crazy luck how it happened.
I appreciate all of the responses.
Let's assume at least 20% minimum needs to held for federal taxes
You can look up your rate on IRS.gov
This post was edited on 1/25/17 at 8:06 pm
Posted on 1/25/17 at 8:03 pm to WhoGeaux
quote:
Collect all of "your" losing tickets and use them as back up for your write off.
Yep big losing floor tickets are your friend
Assuming you itemize BC of house
Posted on 1/28/17 at 6:58 am to thelawnwranglers
quote:
Yep big losing floor tickets are your friend
Careful. I saw an old 80+ guy get locked up for a horse racing ticket scheme.
He had one foot in the grave, but they still sent him off to Federal pound you in the arse prison.
Posted on 1/28/17 at 8:54 am to Twenty 49
Bunch of hookers and cocaine!
Page 2 of 2
Back to top
Follow TigerDroppings for LSU Football News