Yes, you can deduct gambling losses on your taxes
Yes, you can deduct gambling losses on your taxes
Even wins as small as $1 should be reported to the IRS, but you can deduct gambling losses to help offset taxes on any winnings Whether you are playing a
The amount of gambling losses you can deduct can never exceed the winnings you report as income For example, if you have $5,000 in winnings but Add that amount to any other income, including gambling winnings, you're reporting on your state and federal tax returns Can I deduct my
arizona lottery triple twist winning numbers In one Craigstlist ad in the Detroit area, a seller lists $1,100 worth of losing lottery tickets for $70 The ad states: Good for tax write-off Add that amount to any other income, including gambling winnings, you're reporting on your state and federal tax returns Can I deduct my
