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Friday, October 28, 2011

What constitutes proof of gambling losses as a tax deduction?

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Question by Andy: What constitutes proof of gambling losses as a tax deduction?
when you lose at the blackjack table in atlantic city, they dont give you a receipt- what is legitimate proof to submit as your receipt of a gambling loss?


Best answer:
Answer by Joe 64You can't deduct gambling losses. But if you win you have to report those winning.

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