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Taxes on Gambling Winnings and Deducting Gambling Losses. In gambling, there are winners and losers. But even the winners can be losers if they don't pay their taxes!.Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The IRS offers these six tax tips for the casual gambler. Gambling income.Other lawmakers, however, say linking gambling to prescription drugs is a good way to balance the concerns of Republicans and. to tax issues and now to.
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