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You have to claim $2,000 in earnings on your Form 1040 and then separately claim $2,000 as an itemized deduction. This suggests you cannot take the standard deduction for your filing status, which often amounts to extra than a taxpayer’s itemized deductions. You ought to itemize your deductions to claim your gambling losses as a tax deduction.
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- If the Player hand stands the Banker hand will draw another card if it has a value of five or much less.
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