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Yes but only to the foxwoods resort casino address ct of your gambling winnings for the year and only if you itemize your deductions. You use Schedule A to report y. Gambling losses can only be deducted up to the amount of the gambling winnings. Gambling winnings are reported on Form 1040 Line 21 as Miscellaneous Income. Gambling Losses are reported on Form 1040 Schedule A as a Miscellaneous itemized deduction. Gambling losses are not a one-for-one reduction in winnings.
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