Introduction: Gambling can be a fun and exciting pastime, but it can also be a source of financial risk. One of the risks of gambling is the possibility of losing money, and if you do lose money, you may wonder if you can claim those losses on your tax return. In this article, we’ll explore […]

Introduction: Gambling losses can be claimed as itemized deductions on your tax return to offset any gambling winnings you may have. However, to claim a deduction for gambling losses, the IRS requires you to provide proof of your losses. In this article, we will discuss the various types of proof that you need to provide […]