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Posted in Taxes
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Question By
raisuren85

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how to report gambling loss while filing tax?
Let's say I won 5000 dollars and my win was reorted to the IRS. But overall, I loss 10000 dollars for that tax year and I have win loss ratio from casino to prove that. How do I report my loss while filing tax? Should I report my winnings while filing tax even though in reality, I have lost overall?

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