Monday, February 8, 2010

[vpFREE] Re: Free Play

Wouldn't this increase the chances of getting a 1099 form? I'm talking, as a general practice, and not just at the specific example of hte MGM/Mirage Holiday Shoppe?

I'd rather have it hit a win/loss statement, which isn't submitted to the IRS, than to get a 1099 form.

Disclaimer: Of course, I record and pay 100% of all taxes required by law.

--- In vpFREE@yahoogroups.com, BJDan1961@... wrote:
I may opt to take my MGM Mirage holiday gift points in gift
> cards and resell at a discount on ebay and use the cash to play with instead of
> taking it as free play which I did this year only to find that the net win
> hit my win-loss statement.
>

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