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re: tax deduction question
Posted on 4/12/24 at 2:57 pm to Dead Mike
Posted on 4/12/24 at 2:57 pm to Dead Mike
Probably true but why. both have risk. gambling is with money that has already been taxed. the operator pays tax on money you lose. you can write off stock losses ($3k) per year without having any gains. so why should someone be penalized for gambling when overall it was a net loss for the year?
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