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why do i pay taxes on gambling winnings when i have offsetting losses turbo tax
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why do i pay taxes on gambling winnings when i have offsetting losses turbo tax

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Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance Gambling winnings …

Whether its slots or the ponies, Gambling winnings are taxable. Learn what is taxable and how to offset those gains.

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 …

Gambling losses can be taken as a deduction on your tax return but please keep in mind you can only deduct up to the amount that you won that year.

Consider the following hypo: H typically prepares H and W’s married filing joint returns on turbo tax with very little involvement from W. W typically just signs …

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Amazon.com: Why Does He Do That?: Inside the Minds of …