First time cashing out from sportsbook

Forum: Gaming Industry - US Page 2 of 2  1 2  
Author: [Gaming Industry - US] Topic: First time cashing out from sportsbook
brandonmohl1 PM brandonmohl1
Joined: Mar 2012
Posts: 9
 
brandonmohl1
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Prospect
Posted: 3/22/2012 11:04:54 AM
I just requested a check withdraw for $300...should i be nervous depositing it in my bank?
dick747 PM dick747
Joined: Sep 2009
Posts: 5007
 
dick747
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Captain
Posted: 3/22/2012 8:16:00 PM

$300 winnings

-$50 cert check via curriour

-$150 us taxes

-$175 cpa fees for Form W-2G, Certain Gambling Winnings

Net Loss $75

Forum: Gaming Industry - US Page 2 of 2  1 2  
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