Originally Posted by
brooklynmatt
Because if I have a w4g from a 300 table win or a $1200 slot win I need paperwork to offset the win.
If I claim that my 10k in Jackpots was washed by my 10k in table losses and am audited and show supporting evidence stating my win/loss from that casino was not a loss of 10k but a win of 3k I'm in all sorts of trouble with the IRS.
Once the casino reports, I need further evidence from them to show its negated or else I have to pay.
I assume you mean W-2G. No, you don't need anything from the casino, just your diary. Casino win/loss statements are notoriously inaccurate. The IRS requires you to keep a diary in order to deduct losses. Hardly anyone does.
That being said, you need to report at least the total of all your W-2Gs on line 21 or you will get an automatic letter audit.