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Changes to Tax Laws Regarding Gambling Winnings & Losses on Bury Your Bookie

Changes to Tax Laws Regarding Gambling Winnings & Losses on Bury Your Bookie

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 Defo and Mike Jones discuss changes to tax laws regarding gambling winnings and losses. They also talk about their experiences with collecting losing tickets for tax purposes and how it can be a pain. The IRS is changing its rules to require gamblers to claim only 90% of their losses, making it harder for heavy players to make a living off their winnings.

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