
Anonymous
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Get your taxes done using TurboTax
i take back my original answer.
actually i believe the correct way is that you have to look at each separate bet
bet 100 win 90 net loss 10 - may be used on schedule A to offset taxable winnings
bet 100 win 150 net win 50 - 50 is taxable winnings
so if he lost money on every bet, there's nothing to report.
March 24, 2020
12:31 PM