Re: Neteller Update...
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this probably has aleady been asked but after reading this post im wondering if hypothetically i make 50k on stars, cash it out and then "lose it in vegas" will i be able to write the loss off to match the win and be at zero dollars in "prize" money on my tax return?
Thats if i get it through netteller into my U.S. bank account?
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You have to be able to prove your deductions if the IRS comes knocking. In other words you have to prove you lost 50K. They don't have to prove you didn't.
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