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Old 01-26-2007, 02:14 PM
knght311 knght311 is offline
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Join Date: Dec 2005
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Default Re: Ways of reporting poker winnings

Gambling losses are deductible to the extent of gambling winnings as a miscellaneous Itemized deduction not subject to the 2% limitation.

Unless poker was your main source of income, or you didn't receive a W-2 from anywhere, report the winnings as other income and the losses to the extent they don't exceed the winnings.
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