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March 4, 2022
Question

Can I put how much I bet for cost for bitcoin? I gained bitcoins as my sports bet winning, but I lost more money on betting than winning in 2021.

  • March 4, 2022
  • 1 reply
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1 reply

March 4, 2022

winnings are reported as income. losses can only be deducted if you itemize your deductions on schedule A..