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Get your taxes done using TurboTax
No, gambling winning and losses reporting did not change at all with the new tax code. Winnings have always been reportable and taxable and losses, up to the amount of winnings have always been deductible as part of your itemized deductions. If you do not have enough deductions in total to itemize, then you lose the deduction of losses.
May 31, 2019
7:45 PM