Sample gambling diary
Gambling Log Gambling Winnings and Losses Reporting Taxpayers must report the full amount of Diary of winnings and losses. Taxpayers must keep an accurate diary or similar re-cord of losses and winnings.T he diary . A pocket size solution to keep track of your wins and losses while enjoying the action. Whether you play Bingo, Blackjack, Craps, Gin Rummy, Keno, Poker, Slots, Video Poker, or any game where money is involved -- you need the Gambling Diary. Jan 24, · Gambling log for tax purposes. Then, develop a "diary template" that you can use to track each of your gaming sessions. In addition to the required accounting information, I also record gaming conditions, notes, etc. Also, does anyone else know if I can ask the casino for a CTR or are they only necessary when the casino issues .
Gambling log for tax purposes
Obviously bankroll taken, and net outcome are key entries. Oct 21, Threads: Always borrow money from a pessimist; They don't expect to get paid back! Employers engaged in a trade or business who pay compensation. March 5th, at March 4th, at 2:
Keeping a gambling log
I have a resolution this year to try and keep as accurate a track as I can on my gambling trips. Obviously bankroll taken, and net outcome are key entries.
This log needs to have enough information so I can use it to prove losses to offset the big jackpot my wife is going to win this year. I also think I would like to try and track some roll outcomes. Do any of you keep gambling logs, and if so, what information have you found vital to have?
Also, what information did you think you need, but ended up dumping? I expect trying to track the rolls is going to prove too much work, and interfere with the 'fun' of the experience. According to page 12 of IRS publication ,the minimum a gambling log should include is: Date and type of wager or wagering activity. The name and address or location of the gambling establishment.
Names of other persons present during the gambling activity. Amount won or lost. Commissioner which in itself is a sad read of a lottery winner who literally threw several hundred thousand dollars down the drain every year, by gambling almost every working day. Feb 20, Threads: March 4th, at 1: Always borrow money from a pessimist; They don't expect to get paid back! Be yourself and speak your thoughts. Those who matter won't mind, and those that mind, don't matter!
He grabbed a knife from the small kitchen at the rear of the chapel, and holding it high in the air. Her fantasy was interrupted by a man tapping her on her shoulder. - Знаете, мне очень хорошо с вами, - на последок услышал я мурчание Оли. but you are welcome back here ANYTIME!". fantasized about someone else other than your partner while you were engaged in sex, oral sex, or mutual masturbation.
Jan 24, Threads: January 24th, at 5: I have been doing some research on gambling and taxes and am somewhat in need of help. As we are just entering , I am preparing to keep track of all of my wins and losses and basically keep every receipt I get, I will have everything logged and filed and ready for next years tax season.
I read the thread on here: Here is my scenario I do "work part time", and as far as taxes go for that, I have a solid understanding. I play poker "semi-professionally" and am amping my play up much more this year including travel to LV, AC, etc I log every session within an app on my iphone called Poker Journal.
It logs the following: So this is the software I use to log my play, it is pretty solid and has basically everything I need. I think I have everything that IRS requires for a gambling log. According to page 12 of IRS publication When I play poker tournamets, I get a buy-in receipt and when I lose I have that for my records, and when I win, they also give a recepit of winnings.
So for tournaments I am not too worried. The poker room supervisor will usually sign and another casino employee will also sign and both verify the payouts along with their gaming badge numbers. I think that is enough for providing a "witness" sort of speak, if I dont have the payout recepit of winning, I have the buy-in receipt to report that tournament a loss. So is this information I log suffeciant enough?
I just want to make sure that its legit enough that when I file in that the IRS will accept my logs and we can be square. I obviously don't want anything to back fire on me as I do belive I play enough poker that I don't want to end up being audited or have someone come after me for tax evision. Any input would help and is appreicated. Oct 21, Threads: The key is to be consistent, with everything you do.
Casino activity is haram in Islamic jurisprudence and likewise prohibited throughout Pakistan. There is however a double standard in the land of the pure. Since , there has been legal tote betting on horse racing. Prize bonds, which are a lottery, have been widely marketed legally since the earlys. Neither activity is permissible under sharia, but from some reason or another both are permissible under the laws of our land.
These days many people such as myself view prize bonds and horse racing as our parents games. Many of us prefer betting cricket , card games, and of course casino! The latter is exciting because there is so much variety in blackjack , roulette , craps, baccarat , slots , etc. And how harmful could it be? All of which came to exist fairly recently. As popular as casinos are, the biggest mistake a Pakistani gambler can make is playing casino games in local gambling dens.
These are very often not safe! When safe, they are often not fair! Finally, gambling arrests at the player level in Pakistan most often involve gambling with locals. On occasion it is cricket or field hockey betting, but more often than not it involves a casino. To specify, yes, for sports betting bookies are arrested often. But, when players are arrested, more than 9 times out of 10 it involves playing cards or casino table games.
For Pakistan residents looking to gamble casino games safely, there is only one sure way. Take a holiday to somewhere that has legal gambling. The quickest option is booking a flight to Colombo to play in Sri Lanka casinos.
Mihin Lanka is a discount airline with a 4h 20m direct flight from Lahore. There is plenty to do there besides just casinos. For those who just want to gamble on demand, legal and licensed foreign online casinos are another okay option. Before concluding with Pakistan gambling law, I discuss how these work.