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So if you won $1,000 at DraftKings but lost $1,500 at FanDuel over all of 2021, you can only write off $500 in losses. Professional bettors report their winnings as self employment income under Schedule C within the 1040. Everyone Must Report . they'll still want to tax it. If you won money in another state you must report those winnings to that state. If tax rates are lower in your home state versus the other state, you may be entitled to a deduction. Remember, this is just advice. camera bag cyber mondayprada bag cheap
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