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You may deduct gambling losses only if you itemize your deductions on Schedule A (Form 1040) and👍 kept a record of your winnings and losses. The amount of losses you deduct can't be more than the amount👍 of gambling income you reported on your return.
To report your gambling losses, you must itemize your income tax deductions on👍 Schedule A. If you claim the Standard Deduction, then you can't reduce your tax by your gambling losses. The IRS👍 doesn't permit you to subtract your losses from your winnings and report the difference on your tax return.
loteriasonline caixa gov br e
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