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re: Betting and taxes

Posted on 9/5/24 at 8:25 pm to Ghost of Colby
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
63186 posts
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Posted on 9/5/24 at 8:25 pm to Ghost of Colby
quote:
You can offset your tax liability by deducting your LOSSES BUT ONLY IF YOU ITEMIZE.


...but your losses cannot exceed your winnings.
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