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Old 12-13-2005, 05:46 PM
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Default Re: Listing Gambling Losses as Itemized Deductions: Why is this differ

Is there an exact definition of what constitutes winning vs losses? I could find no clear answer. Is it per session meaning each time you sit down at a table? If you four table and lose 10 dollars on three of the tables but win 10 dollars on one do you have winnings of 10 and losses of 30 or overall losses of 20? My professor had no clear answer on this either.
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