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can you deduct gambling losses if you do not itemize
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can you deduct gambling losses if you do not itemize

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In order to claim gambling losses as deductions on a tax return, records must be kept of all winnings and losses during the whole year. Understand all the …

https://www.etax.com/ You can’t deduct any gambling losses that exceed the amount you win and report as income. That means if you won $5000 by gambling, …

If you play the ponies, play the cards, or pull the slots, your winnings are taxable. You must report them on your tax return. If you gamble these IRS tax tips can …

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