Va State Code Gambling
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Does a VA resident having gambling winnings offset completely with losses have to pay West VA State taxes? For eg, I had winnings of $10,000 offset by losses of $10,000. I did not have any West VA state taxes withheld on my W-2G's gambling winnings during 2016 and earned approx. $10K offset by $10K in gambling losses. 2006 Code of Virginia § 18.2-326 - Penalty for illegal gambling. 18.2-326.Penalty for illegal gambling. Except as otherwise provided in this article, any person who illegallygambles or engages in interstate gambling as defined in 18.2-325 shall beguilty of a Class 3 misdemeanor. If an association or pool of personsillegally gamble, each person therein shall be guilty of illegal gambling.
Va Gambling Bill
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