Do You Have To Pay Taxes On Sports Betting?

can you write off lottery losses
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The general rule is that a person can deduct their losses up to their wins For example, if a person won $65,000, and lost $65,000 in the same year, they can

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

can a straight in poker wrap around Yes, you can deduct gambling losses on your taxes However, there are rules you must follow so that those deductions pass the muster with the

can you buy lottery tickets with a credit card in texas You do not declare winnings or loses from gambling unless you are a professional gambler i am not a professional gambler & this is a one off win for me