birddingfila1984
@birddingfila1984
The key here is to stay current on the type of gambling winnings you have. If the gambling organization is collecting your personal information or withholding any winnings from the awards they pay you, they are reporting that to the IRS. You need to keep track of that amount and, as applicable, report the winnings to the IRS (and the state of Louisiana) on your taxes for the year. But regardless of what gambling platform you use, it's a good idea to always keep a record of the date and amount of your wins and losses, as well as hold onto any corresponding receipts and documentation. You're still on the hook even if you don't receive a tax form from the place you gambled. Ever had a lucky night at the casino and walked away with pockets full of cash? If so, that means the government had a lucky night, too—your gambling winnings are taxable income.
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