Thread: Profit/Loss
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Old 11-12-04, 08:53 AM
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jimmytheg jimmytheg is offline
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casinos in conneticut at least are required to fill out a tax form on any winnings in excess of $5,000 at a time. So if you place high in any of the weekly tournaments, never mind the big WPF tournaments, you are going to get taxed taken out of your winnings. For anything under 5 grand though, there is no paper trail...and from that point you are on own to report any income or winnings
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