fstuff1 Posted February 18, 2023 #1 Share Posted February 18, 2023 I'm currently on the Infinity to Antarctica. It originates and returns to Buenos Aires, south america. I won a handpay in the casino. Why do I get a W2-G? Link to comment Share on other sites More sharing options...
paulh84 Posted February 18, 2023 #2 Share Posted February 18, 2023 If you are a US citizen the location your earnings were won does not matter. It is still taxable income. 3 1 Link to comment Share on other sites More sharing options...
bEwAbG Posted February 18, 2023 #3 Share Posted February 18, 2023 And since it's being reported to the IRS, make sure you report it on your taxes as income. There are ways to offset wins with losses but if you do that, you have to report all wins and all losses (so usually more trouble than it is worth). Consult your personal tax advisor, of course. Link to comment Share on other sites More sharing options...
fstuff1 Posted February 18, 2023 Author #4 Share Posted February 18, 2023 (edited) 51 minutes ago, paulh84 said: If you are a US citizen the location your earnings were won does not matter. It is still taxable income. yes, still taxable but why is this ship giving me a tax form? i've won equivalent of over $1200 in Mexico and no w2-g from them. why is the infinity facilitating the paperwork since the ship neither originated or going to a usa port? Edited February 18, 2023 by fstuff1 Link to comment Share on other sites More sharing options...
paulh84 Posted February 18, 2023 #5 Share Posted February 18, 2023 5 minutes ago, fstuff1 said: yes, still taxable but why is this ship giving me a tax form? i've won equivalent of over $1200 in Mexico and no w2-g from them. why is the infinity facilitating the paperwork since the ship neither originated or going to a usa port? Are you a US citizen? Location of the earnings simply does not matter. Just like if you have a rental property in a foreign country, as a US citizen the income is taxable. I would not consider anything that occurred in Mexico as the gold standard in following the rules. There is a difference in reporting games of chance versus skill but ultimately it's still reportable income. You would have to ask the casino why they are following the rules. Link to comment Share on other sites More sharing options...
WonderMan3 Posted February 18, 2023 #6 Share Posted February 18, 2023 Because it's an American-based company. 1 1 Link to comment Share on other sites More sharing options...
mayleeman Posted February 18, 2023 #7 Share Posted February 18, 2023 15 minutes ago, fstuff1 said: yes, still taxable but why is this ship giving me a tax form? i've won equivalent of over $1200 in Mexico and no w2-g from them. why is the infinity facilitating the paperwork since the ship neither originated or going to a usa port? 3 minutes ago, WonderMan3 said: Because it's an American-based company. And no doubt there is some obligation to report if they want to keep having US docking privileges. The Mexican casino likely doesn't have a direct connection to operations in the US. 3 Link to comment Share on other sites More sharing options...
WonderMan3 Posted February 18, 2023 #8 Share Posted February 18, 2023 1 minute ago, mayleeman said: And no doubt there is some obligation to report if they want to keep having US docking privileges. The Mexican casino likely doesn't have a direct connection to operations in the US. Correct. And if you sail with a non-U.S.-based cruise line like MSC then they don't issue the tax forms to U.S. citizens, at least not on their European cruises (can't speak to any MSC cruises that visit U.S. ports). 2 Link to comment Share on other sites More sharing options...
Peteymil Posted February 18, 2023 #9 Share Posted February 18, 2023 1 hour ago, fstuff1 said: I'm currently on the Infinity to Antarctica. It originates and returns to Buenos Aires, south america. I won a handpay in the casino. Why do I get a W2-G? Taxable income Link to comment Share on other sites More sharing options...
Rare Fly and Sail Posted February 18, 2023 #10 Share Posted February 18, 2023 Would a non-U.S. citizen receive one as well? Respectively, do they withhold a portion of the winnings as Las Vegas does? Sadly I never had a hand pay on Celebrity. Link to comment Share on other sites More sharing options...
kwokpot Posted February 19, 2023 #11 Share Posted February 19, 2023 1 hour ago, Fly and Sail said: Would a non-U.S. citizen receive one as well? Respectively, do they withhold a portion of the winnings as Las Vegas does? Sadly I never had a hand pay on Celebrity. No 1 Link to comment Share on other sites More sharing options...
jwlane Posted February 19, 2023 #12 Share Posted February 19, 2023 5 hours ago, fstuff1 said: i've won equivalent of over $1200 in Mexico and no w2-g from them Not sure, but that's probably YOUR responsibility to self report. Especially since you've announced it on the interweb. 2 Link to comment Share on other sites More sharing options...
Rare Georgia_Peaches Posted February 19, 2023 #13 Share Posted February 19, 2023 Congratulations! What game were you playing? Link to comment Share on other sites More sharing options...
Rare Hlitner Posted February 19, 2023 #14 Share Posted February 19, 2023 So here is a very sad fact. The USA is the only country (in the entire world) to tax its citizens and legal residents (Green Card holders) no matter where they live or work in the world! Hank Link to comment Share on other sites More sharing options...
Rare NutsAboutGolf Posted February 19, 2023 #15 Share Posted February 19, 2023 11 minutes ago, Hlitner said: So here is a very sad fact. The USA is the only country (in the entire world) to tax its citizens and legal residents (Green Card holders) no matter where they live or work in the world! Hank Hate taxes but love the US? You avoid income federal tax, income state tax and capital gains tax in Puerto Rico if you are willing to: 1) Buy property in Puerto Rico 2) Live there for 183 days a year 3) Make an $10,000 annual donation to an PR approved charity While many will claim the electricity always goes out many buy generators and/or solar panel especially for new builds Link to comment Share on other sites More sharing options...
Dar & Bob Posted February 19, 2023 #16 Share Posted February 19, 2023 22 hours ago, fstuff1 said: yes, still taxable but why is this ship giving me a tax form? i've won equivalent of over $1200 in Mexico and no w2-g from them. why is the infinity facilitating the paperwork since the ship neither originated or going to a usa port? So if you know it's taxable, why worry why they issued it. Just curious since I assume you claimed your winnings from Mexico 🙂 Link to comment Share on other sites More sharing options...
ijscheer Posted February 19, 2023 #17 Share Posted February 19, 2023 23 hours ago, bEwAbG said: And since it's being reported to the IRS, make sure you report it on your taxes as income. There are ways to offset wins with losses but if you do that, you have to report all wins and all losses (so usually more trouble than it is worth). Consult your personal tax advisor, of course. As a certified tax counselor, I can provide the following information concerning Gambling Losses. 1 - Losses are only deductible as an Itemized Deduction. Because of the increased standard Deduction, most taxpayers do not itemize deductions. 2 - The amount of Loss Deduction cannot exceed the amount of Gambling Winnings. Link to comment Share on other sites More sharing options...
WonderMan3 Posted February 19, 2023 #18 Share Posted February 19, 2023 3 hours ago, Hlitner said: So here is a very sad fact. The USA is the only country (in the entire world) to tax its citizens and legal residents (Green Card holders) no matter where they live or work in the world! Hank Other countries have their own tax situations too. I won a jackpot once at a casino in Cannes, France (around 2000 Euro) and they took around a 14% tax off the top before paying me. I was baffled since I wasn't a French citizen and asked if non-citizens could get the money refunded like with VAT and they told me no, it was a tax that everyone pays regardless of citizenship and no one gets it back. When I told a local about that later they told me "Yes, that's why everyone goes to Monte Carlo to gamble; no taxes there." 2 Link to comment Share on other sites More sharing options...
ronandcarla Posted February 20, 2023 #19 Share Posted February 20, 2023 On 2/19/2023 at 12:18 PM, Hlitner said: So here is a very sad fact. The USA is the only country (in the entire world) to tax its citizens and legal residents (Green Card holders) no matter where they live or work in the world! Hank What is so sad about that? Link to comment Share on other sites More sharing options...
mahasamatman Posted February 21, 2023 #20 Share Posted February 21, 2023 On 2/19/2023 at 9:18 AM, Hlitner said: The USA is the only country (in the entire world) to tax its citizens and legal residents (Green Card holders) no matter where they live or work in the world! The U.S. is far from the only country to do this. Link to comment Share on other sites More sharing options...
Rare Hlitner Posted February 21, 2023 #21 Share Posted February 21, 2023 4 minutes ago, mahasamatman said: The U.S. is far from the only country to do this. You think? Please name another. Link to comment Share on other sites More sharing options...
Rare markeb Posted February 21, 2023 #22 Share Posted February 21, 2023 4 hours ago, Hlitner said: You think? Please name another. Apparently Eritrea. I saw one list that had North Korea on it. But that's about it. Didn't know that until this thread... Link to comment Share on other sites More sharing options...
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