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Discussion:Gambling win/loss tax rate

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Discussion Forum Index --> Consumer Questions --> Gambling win/loss tax rate


Rgh718 (talk|edits) said:

19 March 2013
Hi all I have a quick question. I have a client that looses more tha she wins.Is the tax rate on the winnings higher than the deduction rate?

PHIL MOODY (talk|edits) said:

19 March 2013
Could be, it depends upon whether client itemizes deductions or not.

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