win loss statements cherokee casino roland ok

Please click here to create your online account. All you need is your valid Caesars Rewards account number, your date of birth, and Zip Code. If you haven't set up your online account yet, it only takes a moment. It may take up to 30 seconds to generate your report.

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To access this information you will need to login to your My Rewards account, select 'Win/Loss Statement', check: “I Accept the Terms and Conditions” and click Generate Statement. You will be able to access and print the past five year's win/loss statements. They are available the first week in February for the previous year. As a result, the IRS does not regulate the format or time of delivery of casino win/loss statements.įor more specific information regarding a particular casino win/loss statement, please contact the casino or a qualified tax professional.Win/Loss statements are available online and through the mobile app. It is important to remember that casino win/loss statements are not “official” IRS forms like Form W-2G Certain Gambling Winnings or Form 5754 Statement by Person(s) Receiving Gambling Winnings. However, what many gamblers don’t realize is that casino win/loss statement can actually cause a gambler to pay more income tax.įurthermore, the “disclaimer” language which states that that information contained in the casino win/loss statement is not reliable or accurate causes both the IRS and gamblers much consternation, confusion and aggravation.

In general, many gamblers prefer to use casino win/loss statements because they are easily obtained from the casino. As an alternative, the IRS recommends that a gambler use a gambling diary or log to record their transactions by gambling session. Typically, such reports total the gambler’s activity by year, activity, and location.įrequently, the IRS refuses to accept a casino’s win/loss statement as evidence of a gambler’s losses. A casino win/loss statement is a report or letter from a casino that summarizes a person’s gambling activity.

Win loss statements cherokee casino roland ok