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You commonly can't offset your winnings from a single day with your losses from another day in order to report your net winnings or losses. Your winnings and losses generally have to have to be separated and reported individually. The IRS does let you to net your wins and losses on the exact same day for the very same form of wagering if you meet particular requirements. This implies that if you win at the slots one particular day and lose the next day, you have to report the winnings on your tax return as earnings and then deduct the losses separately as an itemized deduction.

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