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Dot4kom
New Member

I have loss statement from casino,can i deduct it ?

 
1 Best answer

Accepted Solutions
jerry2000
Alumni

I have loss statement from casino,can i deduct it ?

Not unless you also have winnings that you declare as income. You can not deduct more gambling losses than you claim as winnings.

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1 Reply
jerry2000
Alumni

I have loss statement from casino,can i deduct it ?

Not unless you also have winnings that you declare as income. You can not deduct more gambling losses than you claim as winnings.
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