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Gambling winnings are reported on Form 1040 Line 21 as Miscellaneous income. There is no separate tax calculation for the winnings. The winnings are included as ordinary income along with your other income.
Gambling winnings are reported on Form 1040 Line 21 as Miscellaneous income. There is no separate tax calculation for the winnings. The winnings are included as ordinary income along with your other income.
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