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Business & farm
Gambling losses are tax deductible but only to the extent of your winnings. Gambling Losses should not be greater than $ is more than likely referring to winnings. You will want to verify that you are not claiming a loss higher than your winnings.
For more information on claiming gambling losses on your taxes, see the link below:
Can you claim gambling losses on your taxes?
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‎January 30, 2023
6:42 AM