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what does foxwoods report to the irs?
I know casinos have to report transactions over $10K. Does anyone know if casinos in general and Foxwoods in particular will report tournament winnings if the amount is less than $10K?
I usually play cash games at fairly low limits, so I'm just noise in the signal, but I recently won $2700 in a tournament there and of course they check ID's when paying out. If they're going to report it I'll have to start collecting information and receipts to start demonstrating as much in the way of losses as I can. Anyone know? Thanks! |
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