On 3 Feb 2011 at 20:31, Manuel wrote:
> This will be my first year with W2G's. I understand
> that in order to declare gambling losses up to the
> amount won you need to itemize. However, what
> option is there beside itemizing your losses? Would
> you then accept the wins without offsetting the losses?
If you don't itemize, you'll owe tax on all of your gross win(s).
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