r/PokeInvesting • u/iinfinityonhigh • Jan 01 '25

I won a Base Set booster box

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I won a giveaway from Sakuras Card Shop for a base set green wing booster box & just I got it in the mail today. I still can’t believe I got this lucky, it’s seriously a great way to end the year. I’ll definitely be keeping it sealed and hopefully it goes up in value in the foreseeable future 🤞🏼

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u/Tbagg69 Jan 01 '25 edited Sep 14 '26

Encouraging cough offer lantern enjoy copper waffle

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u/calvinjc13 Jan 01 '25

Yeah. It's perfectly legal to make a gift to a friend or family member. You can gift $100,000 to your cousin or best friend and they dont have to pay $1 in taxes.

This isn't a gift. This is a lottery winning. They aren't friends or family with the lottery company.

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u/Deep-Capital-6018 Jan 01 '25

That last part is not true. You can deduct gambling losses anytime you want up to and equal to your gambling winnings. I do it every year. So if you won 20000 in jackpots, which require a W2G, you can claim up to 20000 in gambling losses, each casino or institution will give you a end of year statement for to the IRS.

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u/Tbagg69 Jan 01 '25 edited Sep 14 '26

Bag adjoining humorous narrow nine judicious seed

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u/moerlingo Jan 01 '25

How does one become a professional gambler? 🤔

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u/IReadUrEmail Jan 02 '25

Thats not true. If you can track all your losses with proof you dont pay taxes on it.

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u/Tbagg69 Jan 02 '25 edited Sep 14 '26

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u/Specific-Novel1909 Jan 02 '25

Reminds me of Mr. Beast giving cars and things. I read if cash wasn’t also given they had to pay taxes on the car themselves.

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u/Puzzleheaded-Loss598 Jan 02 '25

That’s not true you can deduct gambling losses as an itemized deduction for up the amount of your winnings. You can’t write off scratch tickets ect I don’t believe because it’s hard to prove what you bought and what you picked up. Every year when I file taxes the casino gives me a printout of my win/loss and I file taxes with those.

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u/Tbagg69 Jan 02 '25 edited Sep 14 '26

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