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Ii'm a non immigrant with tax status as resident alien (with substantial presence test). I have a casino wins of w-2g's total $15k can i use my win loss statement for deducting losses? but win loss statement has each and every bet which shows total wagering as $160,000 and winning as $150,000 with net losses as $10000. Can i use my win/loss statement from the casino which shows a loss of about $5000 instead of my w-2g which shows winnings for the year of around $10,000. I know i put most of that back in so the win/loss statement loss is more accurate. These are approximate numbers. How to read a win/loss statement. What is a win-loss statement. When should i expect to receive my win loss statement? I have a tax client that is a huge gambler. I have received several documents from them including the following: casino 1 coin in- $2,838,611. 25 coin out- $2,468,847. 00 (what the w2g shows) estimated loss (win) $3,261. Do i minus the total losses from the jackpot. Re: tax win/loss statements from the casino. The win/loss statement will record all the play registered on slots/vp when your card is inserted. If you have a total rewards account, you can probably access your win/loss statements from previous years. Client has a casino win-loss statement. It shows: coin in: $215,012 coin out: $188,216 jackpots: $3,911. The casino has issued a w-2g to him that shows the $3,911 win from the jackpot only. I have heard conflicting opinions as to how such a scenario should be reported. Opinion 1: report $3,911 which is shown on the form w-2g as gambling income
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