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Is Gambling Tax Deductible?

deductible gambling tax
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Is Gambling Tax Deductible?

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Even if you win a few dollars at a home poker game, you’re supposed to report this on your taxes, even if the Internal Revenue Service is unlikely to find out about it. Although gambling is often considered a vice, you might be able to deduct some or all of your winnings. The best deductions go to gambling professionals.

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