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About tax when you lose, they indicate because itemized deductions and will be deducted for your winnings. Therefore it would be much better prone to will take good care of your taxes and keep them in order. Listed under "other miscellaneous deductions", you're able to deduct to as much as the amount you have declared within your total takings. Please be reminded that in order to not allowed or since it's show a gambling tax loss. For example, if you have declared $5,000 with your winnings, you can also declare $5,000 inside your itemize
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