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About tax when you lose, they indicate because itemized deductions and will be going to deducted inside your winnings. As a result it would be much better as it were take good your taxes and keep these on track. Listed under "other miscellaneous deductions", you may easily deduct a good deal the amount you have declared in your total earnings. Please be reminded that you are not allowed anyone can't show a gambling tax loss. For example, if you have declared $5,000 in your winnings, you can also declare $5,000
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