Tax Tips On Gambling Payout And Losses

by Admin
Categories: Finance Resources
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Whether you chance, betbank on the ponies, play cards or enjoy the slot machinesfruit machine, you need to know that as a casual bettor, your gaming earnings are fully taxable and have to be reported on your income-tax return. You can also subtract your gaming losses however only as much as the degree of your payouts.

Here are 5 important pointers about betting and taxes:

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