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If you are going to deduct gambling losses, you must have receipts, tickets, statements and documentation, such as a diary or similar record of your losses and

As such your betting and gambling winnings are not assessable income and the associated losses are not allowable deductions Questions 4 and 5 Capital Account  It's also worth noting that even if you do utilize the itemized deductions, your gambling winnings will still increase your AGI (adjusted gross

nlc demo slot Therefore, set-off of current-year losses within and across sourcesheads should be permissible in computing income from online games Q- Can Can I deduct gambling losses? Yes, losses can be deducted – although you won't receive Form W-2 G outlining losses Keep records of your