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Are sports betting losses tax deductible?

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pk888
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Does anyone know if sports betting losses are tax deductible in the US? 

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Posted by: @pk888

Does anyone know if sports betting losses are tax deductible in the US? 

No because then everyone would figure out how much tax they're due to pay, wager it on something instead and then either profit or just write it off and pay no taxes ever again 🤣 

 

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ButFirstTea
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Not offshore ones 🤣

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