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can we use gambling loss in tax refund


iddaritho

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No.  Atuvanti chance unte andaru casino lone untaru weekends.

If you have winnings jackpots that you paid tax, and you have net loss at the end in this scenario you can claim your paid taxes back.

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Gambling losses are indeed tax deductible, but only to the extent of your winnings. This requires you to report all the money you win as taxable income on your return. However, the deduction for your losses is only available if you are eligible to itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.

Turbo tax website lo ila undi

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