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About tax when you lose, they indicate because itemized deductions and will deducted to your winnings. Thus it would be much better if you'll take proper your taxes and make them on route. Listed under "other miscellaneous deductions", you can possibly deduct up to the amount you have declared within your total payouts. Please be reminded that you're not likely to allowed or you can't show a gambling tax management. For example, if you have declared $5,000 in your winnings, you should also declare $5,000 in your itemized deductions under fannie and freddie. Jus
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