Tax Implications for Canadians
Posted: Thu Jul 12, 2012 2:56 pm
Hi there,
I am thinking of joining one of the live drafts in Vegas, however want to ensure that any winnings are not taxed.
Winnings on slot machines etc in Vegas are taxed on the spot, which I understand, however should I win a large prize I want to make sure I get the full amount.
I realize you report to the IRS, but Canadians are not taxed for such winnings,
Thanks,
Mark
I am thinking of joining one of the live drafts in Vegas, however want to ensure that any winnings are not taxed.
Winnings on slot machines etc in Vegas are taxed on the spot, which I understand, however should I win a large prize I want to make sure I get the full amount.
I realize you report to the IRS, but Canadians are not taxed for such winnings,
Thanks,
Mark