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The memory of the green felt table, the scent of stale cigarettes, and the echoing laughter of the winners would forever haunt me, a constant reminder of the night I lost everything in gambling.
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The IRS defines gambling losses as money lost playing games of chance, such as Casino games Slot machines, poker, blackjack, roulette Lotteries State and national lotteries Horse racing Betting on horse races Sports betting Placing bets on sporting events Other forms of gambling Bingo, raffles, kenoHow to Claim the DeductionYou can claim the gambling loss deduction on Form 1040, Schedule A, Itemized Deductions.
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