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The fresh W-2G threshold to own a slot or video poker win is actually $step 1,200 using one spin, $step 1,five hundred to own keno, and you will $5,100 to possess casino poker competitions. Lower than those individuals thresholds, providers do not issue an excellent W-2G nevertheless are still legally forced to declaration the cash for the Schedule 1, Line 8(b) of your 1040. The brand new Internal revenue service Function W-2G guidelines show it to the authoritative Irs website. (more…)