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Re(7): How do you deal with 'signers'?

Slot machine wins are not subject to a 600-1 rule for issuing a tax form. It's worse than that. Any win of $1200 or more on a slot machine or video poker machine requires that a W2G form be issued to the winner. The amount of your bet doesn't matter. If you are playing a $100 slot and bet one credit and win $2000 on your spin, the casino issues a W2G form when they pay you. The reality is you only won 20 times your bet amount, but that doesn't matter. It's over $1200 so you get the tax form.


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