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Deductions & credits
that w-2G may not reflect all your winnings since there are $ thresholds for when it must be issued. you are responsible for reporting all your winnings. as stated you can take an itemized deduction for your losses up to the extent of your winnings. but to be of any benefit your itemized deductions must exceed your standard deduction.
‎November 14, 2022
9:28 AM
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