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If you won a total of $3,000 however misplaced $6,000 playing, you can only deduct up to $3,000. Bill Burton has written about casinos and playing since 2008. He is the author of two books about gambling and a month-to-month columnist for a quantity of nationwide gambling publications. I know $600 or more in cash triggers one, and when you get one, they add all the additional wins for the year. You could owe much less and even get a reimbursement in case your total income falls below the 24% fee.

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