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You can only take your losses to the extent of your winnings. You can't "negate" them.
As long as you are married filing jointly with your wife, you are allowed to take both's losses, but again, only to the extent of your winnings.
You can only take your losses to the extent of your winnings. You can't "negate" them.
As long as you are married filing jointly with your wife, you are allowed to take both's losses, but again, only to the extent of your winnings.
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