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- Mar 13, 2004
Originally Posted by CAFinest23
Originally Posted by GUNNA GET IT
Wait, im on my phone and dont feel like acrolling thru, but who said gambling winnings are not taxable? That is not true at all.
I said it. I was always told that gambling money is virtually tax free if you fill out the correct forms. Basically you can use the money earned and lost and write it off as "business expenses" but if I'm wrong I'm wrong its good.
Why are people taxed for winning the lottery? It's gambling.