Again Guys: $75,000 in 7 Hours

[SkyBoy]

I don't think this is a luck.. I am sure it is professionalism.‎

‎$75,000 achieved last Thursday and a total of $140,000 is a deposit in the casino.‎

All my accumulating winnings is start with only $1,700+$2,000=$3,700.‎


‎140K out of 3.7K means 3684% Profit.‎

Just easy question, can I get the money and make a bank deposit instead of the casino deposit or ‎this is not allowed "Money Laundering"? I don't want to have trouble with Law‎

[Jdesey]

I wouldn't worry about the bank thing.. yes they are going to want to issue a 1099 for anything over $10,000

who cares... what a great win!!!

[SkyBoy]

Thanks Jdesey for your reply, is this form internationally or belongs to only United States COZ i am not gambling in US.

Thanks again

[AnIrishmannot2brite]

Originally Posted by SkyBoy

I don't think this is a luck.. I am sure it is professionalism.‎

‎$75,000 achieved last Thursday and a total of $140,000 is a deposit in the casino.‎

All my accumulating winnings is start with only $1,700+$2,000=$3,700.‎


‎140K out of 3.7K means 3684% Profit.‎

Just easy question, can I get the money and make a bank deposit instead of the casino deposit or ‎this is not allowed "Money Laundering"? I don't want to have trouble with Law‎

Just fill out a Schedule C for all of your gambling "losses" over the calender year of 2007. Lose "twenty grand in a friendly card game"? Plenty of people do that!

Also, I don't want to rain on your parade but can your prove that it was just your skill alone that was responsible for this big win? It could be an extreme example of positive variance.

You may expect this kind of return every year only to be disappointed.

Sometimes there is a fine line between a gambler and an advantage player. So i think.

[SkyBoy]

Originally Posted by AnIrishmannot2brite

Just fill out a Schedule C for all of your gambling "losses" over the calender year of 2007. Lose "twenty grand in a friendly card game"? Plenty of people do that!

Also, I don't want to rain on your parade but can your prove that it was just your skill alone that was responsible for this big win? It could be an extreme example of positive variance.

You may expect this kind of return every year only to be disappointed.

Sometimes there is a fine line between a gambler and an advantage player. So i think.

The Only dollars from my pocket is $3,700 . and I lost $47,000 in one day but it is ‎originally winnings.‎

I always expect the better COZ business mean "TSBBTYATSBBTT".‎

[toastblows]

Originally Posted by SkyBoy

The Only dollars from my pocket is $3,700 . and I lost $47,000 in one day but it is ‎originally winnings.‎

I always expect the better COZ business mean "TSBBTYATSBBTT".‎

Whatever country you are in you will need to pay taxes on your winnings only. Money laundering costs way more than taxes....or so says the movies

[EasyRhino]

I'm pretty sure if you are a "US Person" then you will be expected to pay taxes to the IRS on gambling winnings, regardless of location. A really large table win would not trigger a tax form, though (no W-2G). It would, however, trigger a currency transaction register (CTR) when attempting to cash out over $10,000.

Also, I don't believe you.

[SkyBoy]

Originally Posted by EasyRhino

I'm pretty sure if you are a "US Person" then you will be expected to pay taxes to the IRS on gambling winnings, regardless of location. A really large table win would not trigger a tax form, though (no W-2G). It would, however, trigger a currency transaction register (CTR) when attempting to cash out over $10,000.

Also, I don't believe you.

Hey EasyRhino, Take it easy man!!

I am not sure what is/are the reason/reasons which make me a lier on your behave??

By the way, The best years in my live are 2005 and 2007

[zengrifter]

Originally Posted by SkyBoy

I don't think this is a luck.. I am sure it is professionalism.‎

‎$75,000 achieved last Thursday and a total of $140,000 is a deposit in the casino.‎

What do you attribute your success to? zg

[shadroch]

Professionalism. Can't you read.