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Gambling winning vs losses

30.05.2016 1 Comments

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And if you have a particularly unlucky year, you cannot just deduct your losses without reporting any winnings. Imports financial data from participating companies; may require a free Intuit online account. Customer service and product support vary by time of year.

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5 Biggest Twitch Gambling Losses Find out how gambling income and losses can affect your federal taxes. Gambling winnings are fully taxable and must be reported on your tax return. Gambling income includes, but is not limited to, winnings from lotteries, raffles. Gambling losses are indeed tax deductible, but only to the extent of your winnings. Find out more about reporting gambling losses on your tax return.

1 Comments

  1. Кошелев Егор Степанович:

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