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Get your taxes done using TurboTax
@vastone23 - also gambling losses can not be netted against gains and then reported on a tax return.
gains need to be reported as income and then losses can be reported on Schedule A as an itemized deduction.
and losses can not exceed the gains,
If Paypal is reporting your gains, it is correct. (but it should be reported on a W-2G form.
‎September 19, 2023
7:44 PM