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tax deduction question
Posted on 4/10/24 at 12:31 pm
Posted on 4/10/24 at 12:31 pm
typically file using standard deduction. this year I have W2G to claim but at same time have equal loses to write those off. however the amount is enough to put me over using the standard deduct but now I don't have enough other deduction to claim and have to pay more tax on my regular income since the W2g gain and lose cancel each other.
basically i'm having to pay more tax on my income because i gambled and won on paper even though I have more loses for the year. any suggestion to avoid this?
basically i'm having to pay more tax on my income because i gambled and won on paper even though I have more loses for the year. any suggestion to avoid this?
This post was edited on 4/10/24 at 1:59 pm
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