Ask the Slot Expert: The way we claim gambling losses is ... Let's say you have a W-2G for $3,000 and your win/loss says you lost $2,000. If the statement does not break out IRS-reported winnings, the $3,000 you won is included in the $2,000 loss. To make the gambling winnings minus the gambling losses you report match the statement, you have to deduct the IRS-reported winnings from the net on your ... Problem gambler Paul Fung lost almost a million dollars in ... Problem gambler Paul Fung lost almost a million dollars in three weeks. ... Starting off with bets of a few hundred dollars, within three weeks his gambling spiralled out of control to bets of ...
How Are Gambling Winnings Taxed? | The TurboTax Blog
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Gambling can be found everywhere from physical casinos to a multitude of online websites and apps.It is easier than ever to gamble in the privacy ofI don’t have to tell you that I left the casino frustrated and with zero dollars in my pocket. In chasing [the] money I had lost, I went to the ATM, took another...
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A FORMER gambling addict spent over a decade compulsively gambling - and spent over $1 million on the lottery before losing everything.But I lost everything. “My lowest point was when I closed my business and my family found out about my addiction. I regret letting down my family and friends.”
What is the largest amount of money you've lost or wasted at once? : AskReddit What is the largest amount of money you've lost or wasted at once? ... I'm gonna say I lost 100 dollars in the casino, playing roulette. Actually it was closer to 4000 dollars, you see: ... New law in place as millions of dollars are lost to illegal gambling in Utah ... The Attorney General’s office said gambling is an issue occurring across the Beehive State adding up to millions of dollars lost to gambling machines. Go Search. Deducting Gambling Losses | Nolo
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This is my first reddit post, so please excuse the length, as well as the quality. I’m currently struggling with a gambling addiction that... Most money you ever lost gambling in one night?? - Off-Topic Discussion - GameSpot
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