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Six Tips on Gambling Income and Losses
Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The IRS offers these six tax tips for the casual gambler. 1. Gambling income includes winnings from lotteries, raffles, horse races and casinos. It … Continue reading
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Tagged Form 1040, Form W-2G, Gambling, Hoorfar Law, Internal Revenue Service, IRS
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