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    CJGROSS's Avatar
    CJGROSS Posts: 1, Reputation: 1
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    #1

    Mar 30, 2014, 11:47 AM
    I am a NY resident with gambling winnings in NJ. Do I have to file a NJ tax return?
    I an a NY resident with gambling winnings in NJ. Do I have to file a NJ return?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 30, 2014, 02:22 PM
    I would think so, yes. Most states with casinos DO assess taxes on the winnings if they are reported.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Mar 31, 2014, 05:14 AM
    Agreed - gambling winnings earned in NJ are taxable by NJ. And of course losses are deductable only to the extent that they offset winnings.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Mar 31, 2014, 10:16 AM
    Some states assess a flat tax with NO offset allowed for losses.

    Mississippi does this (I know from personal experience).
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #5

    Mar 31, 2014, 10:32 AM
    The MS tax seems more like an excise tax on winnings than an income tax, though I know that's what they call it.

    By the way - here's a reference to the NJ tax on winnings - only prizes greater than $10K are taxed. http://www.state.nj.us/treasury/taxa...s/tb/tb20r.pdf
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

    Mar 31, 2014, 10:32 PM
    I agree about the excise tax comment, but because they called it an INCOME tax, I was allowed to claim a credit for it on my Georgia tax return.
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