1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Canadians and taxes on winnings

Discussion in 'Misc. Vegas Chat' started by Jordan, Oct 28, 2014.

  1. mickyblueeyes

    mickyblueeyes VIP Whale

    Joined:
    May 14, 2017
    Messages:
    1,535
    Trips to Las Vegas:
    51
    Line 54 & 61....enter 0
    Line 62d, 71, 72, 73A entered amount of total taxes the casino deducted from your jackpots.
    There is a schedule NEC that goes with the 1040NR,
    10a- enter winnings
    10b- enter losses (in my case always larger than winnings, so, because you can't enter a (-), all future #'s are 0.
    10c, 13, 14, & 15....all entered 0

    make sure you attach your W2G and win/loss statements from each casino you played and dates of travel.
     
    • Agree Agree x 1
  2. Tammer

    Tammer Tourist

    Joined:
    Sep 3, 2012
    Messages:
    68
    Location:
    Canada
    Trips to Las Vegas:
    7
    Thank you so much for posting this; I saw very quickly where I made my mistakes. Another question though, after reviewing the Win/Loss statements from MGM and Caesar's, it seems there were only losses of $145 and I'm asking to be refunded $839...will they issue the whole amount or will I qualify for anything given the fact I didn't lose much?
     
  3. mickyblueeyes

    mickyblueeyes VIP Whale

    Joined:
    May 14, 2017
    Messages:
    1,535
    Trips to Las Vegas:
    51
    To be honest my losses are always more than the taxes held so not sure on this but worst case you will get the $145.
     
  4. Tammer

    Tammer Tourist

    Joined:
    Sep 3, 2012
    Messages:
    68
    Location:
    Canada
    Trips to Las Vegas:
    7
    That makes sense. I know I lost more than $145 but I didn't use a Player's card at any of the off-strip casinos we went to. Maybe I could do a daily log and record it there as I know what I spent each day on gambling.
     
  5. mickyblueeyes

    mickyblueeyes VIP Whale

    Joined:
    May 14, 2017
    Messages:
    1,535
    Trips to Las Vegas:
    51
    I guess you could try but I highly doubt it would get accepted without proof or else everyone who is dishonest would just make up losses to get the tax back and it's hard enough getting it even when you have all the supporting docs.
     
  6. Guy_

    Guy_ VIP Whale

    Joined:
    Jun 25, 2014
    Messages:
    2,270
    Location:
    Ontario Canada
    Trips to Las Vegas:
    27
    I have never been denied a claim.
    The only supporting documentation I provide is typed up schedule of wins and losses from each day/casino visited.

    I do get RMS to do my refunds tho so I don't know what is done on the forms at all.
    I also have never had a large refund. So that could be why. My refunds are normally between 800-1200.
    This year I had a few more big hits (but also played bigger as I was playing with "House" money) so I will be claiming noticeably more then normal.. we will see if it presents any new issues.
     
    • Like Like x 1
  7. xothan

    xothan Low-Roller

    Joined:
    Jun 23, 2016
    Messages:
    307
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    4
    Would love to see an example also with identifying details blacked out of course!
     
  8. IM ALL IN

    IM ALL IN High-Roller

    Joined:
    Aug 3, 2015
    Messages:
    599
    Location:
    Vancouver BC
    Trips to Las Vegas:
    109
    Just got back from being away so madly busy at work, (don't want Bossman seeing me do Vegas stuff)..If you still didn't get an example, I can maybe find one for you.
     
    • Like Like x 1
  9. mickyblueeyes

    mickyblueeyes VIP Whale

    Joined:
    May 14, 2017
    Messages:
    1,535
    Trips to Las Vegas:
    51
    Take a look at the 1040NR it's pretty straight forward just follow the above
     
  10. bobby jones

    bobby jones VIP Whale

    Joined:
    Oct 5, 2014
    Messages:
    2,339
    Location:
    Great white North
    Trips to Las Vegas:
    12
    Does anyone remember when last years 1040NR's became available? There are drafts on line now but, not final. I did one a couple years ago but, I don't think I started it until Feb. I have @ $700 usd to get back this year.

    thanks
     
  11. Guy_

    Guy_ VIP Whale

    Joined:
    Jun 25, 2014
    Messages:
    2,270
    Location:
    Ontario Canada
    Trips to Las Vegas:
    27
    I would like to hear when other Canadians get their tax returns this year.
    I Had everything into RMS long before the end of the 2019 year and I believe they sent it in the first week of January.

    I am not expecting anything until late in the year but would still like to hear when others start getting them.
     
  12. bobby jones

    bobby jones VIP Whale

    Joined:
    Oct 5, 2014
    Messages:
    2,339
    Location:
    Great white North
    Trips to Las Vegas:
    12
    I sent ours third week of Jan, couple days after forms available. I will let you know when/if the cheque arrives!
     
  13. oakbluff

    oakbluff Tourist

    Joined:
    Jan 9, 2011
    Messages:
    23
    Trips to Las Vegas:
    5
    got my meager refund in the mail this week so they are processing fairly quickly still on the sub $5k refunds.
     
  14. Guy_

    Guy_ VIP Whale

    Joined:
    Jun 25, 2014
    Messages:
    2,270
    Location:
    Ontario Canada
    Trips to Las Vegas:
    27
    Thanks for posting. I will also post when mine arrives.
    I am expecting mine to be in the $3000 range
     
  15. mercr350

    mercr350 Low-Roller

    Joined:
    Feb 9, 2019
    Messages:
    167
    Location:
    Ontario
    Trips to Las Vegas:
    10
    I process one for a friend of mine. He got it this week and we sent it in late January.
     
  16. bobby jones

    bobby jones VIP Whale

    Joined:
    Oct 5, 2014
    Messages:
    2,339
    Location:
    Great white North
    Trips to Las Vegas:
    12
    I went on line today and apparently cheque was sent March 6th. Hopefully here this week.
     
  17. Guy_

    Guy_ VIP Whale

    Joined:
    Jun 25, 2014
    Messages:
    2,270
    Location:
    Ontario Canada
    Trips to Las Vegas:
    27
    Since RMS filed mine I don't think I can check easily but fingers crossed.
    I have a feeling if it has not been processed yet it will be delayed for one reason or another now.
     
  18. Vegas-TT

    Vegas-TT Tourist

    Joined:
    Nov 11, 2011
    Messages:
    26
    Location:
    Calgary, Canada
    Trips to Las Vegas:
    75
    Got my refund cheque this week for $3600. Sent it Feb 14, so it took about 9 weeks. My Refund Status never showed up on the IRS website, but I still got my cheque.
     
    • Like Like x 1
  19. Guy_

    Guy_ VIP Whale

    Joined:
    Jun 25, 2014
    Messages:
    2,270
    Location:
    Ontario Canada
    Trips to Las Vegas:
    27
    Nice.
    I assumed with everything going on right now that these would be delayed significantly for those who have not received them yet.
    This gives me a little hope that it will be coming still.
     
  20. westcanguy

    westcanguy High-Roller

    Joined:
    Apr 23, 2014
    Messages:
    536
    Location:
    Alberta
    Trips to Las Vegas:
    20
    That's great news. My 2018 return was delayed because my ITIN expired... Had no idea. Got that approved March 6th and then filed 2019 a week later. Tried calling but no one answers the phone anymore. Vegas-TT's post gives me hope! Thank you.