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Form 1040 Gambling Winnings and Losses

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Jason D. Knott

For a 2022 update, view here:    • How to Report Gambling Winnings & Los...  

A taxpayer must report their gross amount of gambling winnings on Form 1040 each year. If you have gambling losses, you can record those gambling losses as an itemized tax deduction (Schedule A) to the extent you have gambling winnings.

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