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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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March 9, 2022
2:03 PM