Quote:
Originally Posted by rayne008
I'm interested in knowing what constitutes 'losing money' gambling, and how you would prove that?
If I played slots and put in $1000 and lost, then put a buck in a different machine and won, would that constitute losing?
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I believe that in the states if you keep a log of your gambling winnings and loses you claim your net gambling income at the end of the year on your tax return. In your case you would claim a net loss of $999 for your tax return.