LeonardS
Expert Alumni

Get your taxes done using TurboTax

Gambling winnings are what you walk away with. 

For example, if you start the day with $1000 and at the end of the day, you have $1500 your winnings are $500 and you have no gambling losses. 

If you start the day with $1000 and end up with $500 remaining from your initial $1000 for have a gambling loss of $500 and no winnings.

 

 

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