Question by Eagles20: Gambling Winnings and Losses
Alright, I don’t want any answers from people who don’t gamble or have never gambled. I gamble online, and sometimes I win and sometimes I lose. Should I report these on my tax form. Have any of you that gamble ever done that. Thanks.
Best answer:
Answer by doanel
I think anything under 600.00 does not need to be reported. I have won 550.00 in our state Lotto and there were no IRS forms to fill out.
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