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.

Boyd's win/loss 2016 statements ready

Discussion in 'Casino Gaming' started by surf87, Jan 1, 2017.

Thread Status:
Not open for further replies.
  1. surf87

    surf87 MIA

    Joined:
    Apr 28, 2016
    Messages:
    674
    Trips to Las Vegas:
    20
    These were mine for 2016;

    Cal, +46
    Orleans, -$646
    MSS, +$650
    Fremont, -$311
    Gold Coast, -$14

    So overall I'm about -$300 at Boyd's for 2016, which pretty good. To find your's go to the Bconnected website, then go to Tools, then win/loss statement.
     
    • Like Like x 1
    • Informative Informative x 1
  2. Grant1982

    Grant1982 High-Roller

    Joined:
    Aug 24, 2016
    Messages:
    760
    Location:
    Memphis TN
    Trips to Las Vegas:
    7
    They took about 6000 from me last year!
     
  3. surf87

    surf87 MIA

    Joined:
    Apr 28, 2016
    Messages:
    674
    Trips to Las Vegas:
    20
    Owie!
     
  4. Grant1982

    Grant1982 High-Roller

    Joined:
    Aug 24, 2016
    Messages:
    760
    Location:
    Memphis TN
    Trips to Las Vegas:
    7
    What's really scary is I hit a royal for 4k on Christmas day. I had no clue I was down that much with them.
     
    • Like Like x 1
  5. vegasdev

    vegasdev VIP Whale

    Joined:
    Sep 20, 2016
    Messages:
    3,984
    Trips to Las Vegas:
    55
    Orleans, GC, and the Flea-mont; loss ($2069). yikes! I don't keep detailed records, but I will submit these statements this year because I hit a handpay ($1250) on December 26th at the local casino. I hit that on $5 WOF machine bonus spin. just enough to trigger tax paperwork.
     
  6. surf87

    surf87 MIA

    Joined:
    Apr 28, 2016
    Messages:
    674
    Trips to Las Vegas:
    20
    Congrats vegasdev, I 've never gotten a handpay period but I would gladly pay the tax or at least off-set it with my losses.

    Congrats Grant on the $4000 hit!
     
  7. vegasdev

    vegasdev VIP Whale

    Joined:
    Sep 20, 2016
    Messages:
    3,984
    Trips to Las Vegas:
    55
    the few times that I have had a hand pay were at the casinos in my home state. I have been to vegas 50+ times over 20 years and have never had one single hand pay. I don't play VP, just slots, Vegas machines are tight as a drum. I know the slots are one-armed bandits, but come on... 20 years??
     
  8. GamblingGolfer

    GamblingGolfer High-Roller

    Joined:
    Sep 22, 2011
    Messages:
    970
    Location:
    Vancouver, BC
    Trips to Las Vegas:
    40
    I lost $250 total; SO just under $300. Mostly at Orleans ... at least they've sent us offers for March/April!

    GG
     
  9. bubbakitty

    bubbakitty Doing retirement again and happily so....

    Joined:
    Feb 17, 2003
    Messages:
    8,955
    Location:
    Texas
    Trips to Las Vegas:
    65
    I,looked at mine and overall think it is probably inaccurate. I had a profit over 1,000$ at Orleans where I had minimal play this year and a multi thousand dollar loss at MSS where I had 7,000$ in winnings on royals alone. I always take pictures of my royals so that is my confirmation of big wins. Money taken to and returned with is my documentation of losses which is fairly close to accurate. Planning to do better with retaining numbers this year.
     
    It can’t be a rodeo without the bull
  10. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    18,692
    Location:
    TN
    Trips to Las Vegas:
    25
    There is no way to "submit" any statements when you file your return. You make ONE entry on the deduction page up to the amount reported as income on the first page.
     
  11. Jimbucc

    Jimbucc VIP Whale

    Joined:
    Apr 1, 2003
    Messages:
    2,082
    Location:
    Cleveland, Ohio
    Trips to Las Vegas:
    59
    MSS killed wife and I. Mostly chasing the 10 coin nickel progressive DDB by the wall near the escalators. Never could hit a premium hand other than full house and flush.
     
  12. spdandpwr

    spdandpwr VIP Whale

    Joined:
    Feb 25, 2016
    Messages:
    3,177
    Location:
    East Coast
    I never did well with anything less than quarters, so I was happy with that for a while, then I hit two royals on quarters and was upset I didn't get the $4k from playing $1. Then, I recently realized that you win $20k with a $5 game so now I'm playing that. I have a feeling this only gets worse from here...
     
  13. Joe

    Joe VIP Whale

    Joined:
    Sep 11, 2009
    Messages:
    15,165
    Location:
    Wisconsin
    Trips to Las Vegas:
    175
    While you are correct, many of the tax programs automatically call up a separate page for supporting information on entering losses. List as many losses as you want, but the bottom line is the total losses can't exceed wins. So for instance, if I had $8,000 in wins, I list every loss at every casino individually, total that, but then just carry the $8,000 allowed loss forward. On some programs you can choose whether you want the supporting details to be printed (Efiled) with your return.

    Right or wrong, my theory is that showing you had many more losses then you wrote off, can't hurt and I do keep a fairly detailed record of my gaming.
     
    • Like Like x 1
  14. vegasdev

    vegasdev VIP Whale

    Joined:
    Sep 20, 2016
    Messages:
    3,984
    Trips to Las Vegas:
    55
    I submit all of my paperwork to my CPA, and he returns it once he has filed my return electronically. I do realize that I could just jot down a number on a piece of paper and hand it over to my CPA, but that is not how I do it.
     
    • Like Like x 1
  15. vegasdev

    vegasdev VIP Whale

    Joined:
    Sep 20, 2016
    Messages:
    3,984
    Trips to Las Vegas:
    55
    I agree, they are not completely accurate. especially if you play table games.
     
  16. bubbakitty

    bubbakitty Doing retirement again and happily so....

    Joined:
    Feb 17, 2003
    Messages:
    8,955
    Location:
    Texas
    Trips to Las Vegas:
    65
    Thanks dev

    I do play table games and pocket greenies / blacks on the way. They may estimate my "cash out" when I leave but it can't possibly be accurate and it doesn't come close to the profit i show on the statements.
     
    It can’t be a rodeo without the bull
  17. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    18,692
    Location:
    TN
    Trips to Las Vegas:
    25
    I was just going by what I think is the biggest - Turbotax. Pretty sure it only asks for one number - I know that is all I ever enter. No casino(s) name, amounts, etc.

    The whole thing is nuts anyways. Very few people would ever put their total "wins" on the first page anyways. Just W-2g's. Go figure that one out.
     
  18. Joe

    Joe VIP Whale

    Joined:
    Sep 11, 2009
    Messages:
    15,165
    Location:
    Wisconsin
    Trips to Las Vegas:
    175
    Turbo Tax Premium is what I use and it always calls up a separate page for additional info that can be imputed the second I click on losses.
     
  19. nfajgmbr03

    nfajgmbr03 MIA

    Joined:
    Jan 21, 2015
    Messages:
    839
    Location:
    Oklahoma
    Trips to Las Vegas:
    5
    Somehow I managed to be up $1 at The Cal and $1 at MSS. Not sure if that's accurate but it's possible.
     
  20. LinLV

    LinLV High-Roller

    Joined:
    Jun 8, 2014
    Messages:
    536
    Location:
    Netherlands
    Trips to Las Vegas:
    10
    My SO and I are both down for about 800-900 dollars for 2016. I had the feeling it was more... But I could be wrong.
    In return we can go to Vegas for 8 days twice a year and not pay a penny for a room. I'll take it ;)
     
Thread Status:
Not open for further replies.