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Old 03-20-2007, 01:53 PM
gurgeh gurgeh is offline
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Join Date: Nov 2004
Location: Cambridge, MA
Posts: 603
Default Re: help me be an honest american!

Uh, you put them on line 21 of your 1040. And then you can deduct up to that amount on Schedule A if you elect to itemize deductions. If you're a professional gambler, you file a schedule C and SE instead of declaring them on line 21.

Run screaming from any CPA who doesn't already know this.
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