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Poker Legislation & PPA Discussion hosted by Rich Muny Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 07-30-2018, 07:07 PM   #1
TheBurnerAccount
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Join Date: Jul 2018
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Wsop.com Tax Question

Hey Guys

I’m new on the forum, question is... I am going to be doing a withdrawal of a very large number and I was wondering, does anyone know the tax information on when I go to the cage? Can they take the taxes out there, I know some places will take out up to 20 percent? Anyone have any information on what I should ask when I go to the cage or what they will need from me?
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Old 07-31-2018, 01:33 PM   #2
King Spew
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Re: Wsop.com Tax Question

Question....in what country do you reside?
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Old 08-01-2018, 08:45 PM   #3
TwitchySeal
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Re: Wsop.com Tax Question

Assuming you're in NJ, DE or NV and you are a US citizen, there shouldn't be anything withheld and any W2-G should be already filed and completed since, in my experience, WSOP.com locks up any win that triggers a W2-G until you fill out the paper work.

The amount of your withdraw shouldn't matter (although if it's over $10,000 it will probably trigger a Cash Transaction Report, like any other casino transaction).

I'm not a lawyer or anything. Just speaking based on personal experience.
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