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Tax time & that unfortunate dose of reality

Discussion in 'Non-Vegas Chat' started by BreakEven, Mar 19, 2017.

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  1. BreakEven

    BreakEven High-Roller

    Joined:
    Feb 5, 2011
    Messages:
    735
    Location:
    SEA
    Trips to Las Vegas:
    15
    Doing taxes, and have 2 W2G's from 1 of my 2 trips last year. Normally that would be a :woohoo: thing. But then I start doing the math on my wins/losses. For each trip, I track them separately across the various alliances. My losses at just one of the alliances, from just the first visit, more than covered my W2G wins.:cry: I didn't do the math on the other alliances/visits, because I don't need THAT much reality on a Sunday morning.

    I will keep trying to convince myself that the free rooms & entertainment value from those times are worth as much (or more) than the actual $$$ amount spent.

    Who else is with me in this fantasy land? :wave:
     
    First (and last) trip of the year :(
  2. mickefc

    mickefc Tourist

    Joined:
    May 10, 2015
    Messages:
    38
    Location:
    Worcester
    Trips to Las Vegas:
    9
    How sweet it is not to worry about any taxes on gambling and to just walk away with all my winnings fully intact :)
     
  3. Flowers

    Flowers VIP Whale

    Joined:
    Mar 29, 2014
    Messages:
    5,969
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    30
    Breakeven, I am with you on the reality part though I have looked at the full picture. (I am gathering my 2016 info for my accountant now.) It's one of the reasons why I made a commitment to smarter play and maximizing (while not chasing) comps this year.
     
    Celebrating Life, Family + Friends in Our Beloved Vegas + the Great SW
  4. Breeze147

    Breeze147 Button Man

    Joined:
    Aug 15, 2013
    Messages:
    10,924
    Location:
    Southern Maryland by way of Philadelphia
    Trips to Las Vegas:
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    A worry I will never have.
     
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  5. Joe Strummer

    Joe Strummer VIP Whale

    Joined:
    Apr 4, 2006
    Messages:
    4,844
    Somehow ?.......I got to my acc't early this year - had 'em done in February.
    Forgot all about it by now.
    *
    Free rooms.............yeh ?......are they really free ?
     
  6. hotreds

    hotreds Illegitimi non carborundum!

    Joined:
    Jul 31, 2014
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    2,850
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    5 miles past "Resume Speed."
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    One of these days I have to see what kind of room I can get with the money I likely would lose gambling. Then again, a free cheap room with gambling probably is better than a suite with no gambling.
     
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  7. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    18,694
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    TN
    Trips to Las Vegas:
    25
    i was determined the play lower limit machines this year (2017) to avoid w2-gs. Because of them, I can not take the standard deduction, and it impacts my medicare and SS. Damned if my last trip did not result in 3 of them. @#^[email protected]&#$%&
     
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