Write off my Gambling Losses? Claim my Gambling Income?
Write off my Gambling Losses? Claim my Gambling Income?
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Gambling losses are deducted on Schedule A as a miscellaneous deduction and are not subject to a 2% limit This means that you can deduct all losses up to the
Reporting gambling profits and loss on your taxes Gambling losses can be deducted on Schedule A If you itemize your deductions, you can deduct your gambling Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable
happy judi slot For tax year 2018 only, Kentucky did not allow gambling losses as an itemized deduction For tax year 2019 and after, gambling losses are allowed as an Under the tax reform laws that went into effect this year, you can deduct losses, up to the amount of your gambling income if you choose to itemize your