πŸ€‘ Kansas Joins Bad States for Gamblers in Β« Taxable Talk

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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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gambling losses deduction in kansas

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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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gambling losses deduction in kansas

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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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Next year, Kansas gamblers will no longer be able to deduct a portion of their losses when paying their state income taxes.


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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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A taxpayer with gambling winnings in Kansas will have to pay the State personal income tax on gross winnings, and cannot even partially offset the winnings via.


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Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.


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Next year, Kansas gamblers will no longer be able to deduct a portion of their losses when paying their state income taxes.


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Beginning in ( tax returns filed in ), Kansas will not allow gambling losses as an itemized deduction. See #1 above as to how this will impact.


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gambling losses deduction in kansas

February 27th, at 6. Lisa You ever get an answer to that Lisa? All Rights Reserved.{/INSERTKEYS}{/PARAGRAPH} Regular readers of this blog know the implications. Furthermore, the views expressed herein are those of only the author and have no affiliation with any other individuals or entities providing legal advice. December 5th, at 3. I live in Kansas and gamble in Missouri. May 13, am. States are hungry for revenue. Does that change anything. What other artists can say the same? How much more? Barry Meadow. Barry Meadow The answer to your question, Barry, is yes. February 25th, at 8. Latest Tweets Peter Frampton's biggest radio hits are live concert recordings. February 10th, at 4. I have losses greater than my winnings in Missouri. Hosting eight profitable casinos in a state of less than 2. A tax lady says I will have to pay 3grand in this.. Disclaimer Before proceeding to the content in this blog, keep in mind that the information provided in this blog is general and not intended to address anyone's particular tax situation. E-Mail will not be published required. May 21, pm. May 25, pm. October 31st, at 7. What if you file as a professional gambler? {PARAGRAPH}{INSERTKEYS}Kansas is home to three land-based casinos as well as five Indian-owned casinos. Peter Frampton's biggest radio hits are live concert recordings. Contact brad[at]taxdood[dot]com. I have been filing Oklahoma taxes and paying them every year. I have over , in w-2s this year, but have a net loss of approximately 15, year to date. October 24th, at 1. A taxpayer with gambling winnings in Kansas will have to pay the State personal income tax on gross winnings, and cannot even partially offset the winnings via a gambling loss deduction. Taxes in the Back blog focusing on tax and gaming law, with random ramblings sprinkled in. October 24th, at 2. I have been almost bankrupted last year because of these taxes and will have a huge tax bill again this year. February 27th, at 5. Reply Quote. Subscribe to comments feed. Would it matter if you declared yourself a professional gambler and took the losses? May 21, pm How much more? Do I have to claim all my gambling winnings from Missouri on my Kansas tax return. November 17th, at Name required. Consult a tax professional before relying on any information provided in this blog. If I live in Kansas, but I gamble in Oklahoma. Comments 10 Trackbacks 0 Leave a comment Trackback. At least songs to qualify May 25, pm Why don a mask if you don't cover your nose?? We know the reason for the change. Do I still have to claim that on Kansas? All it takes is one unhappy taxpayer to make a large fuss about it. September 9th, at 9. At least songs to qualify.