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Best answer by SeanE1

The IRS allows you, the taxpayer, to deduct your gambling losses up to the amount of your gambling winnings.  You must keep accurate records that show your gambling losses.  For example, receipts from a casino's ATM machine, tickets, statements or a diary. Please click here to see what the IRS has to say about gambling losses.

1 reply

SeanE1Answer
Employee
June 1, 2019

The IRS allows you, the taxpayer, to deduct your gambling losses up to the amount of your gambling winnings.  You must keep accurate records that show your gambling losses.  For example, receipts from a casino's ATM machine, tickets, statements or a diary. Please click here to see what the IRS has to say about gambling losses.