If you are someone who likes to gamble, you need to be aware of the IRS requirements of reporting gambling winnings and deducting gambling losses.  See this tip from the IRS about gambling winnings, reporting and how to deduct your losses (even if you can):

http://content.govdelivery.com/accounts/USIRS/bulletins/10d0fd9#.VZrT-j12yRA.twitter …

Always keep in mind that all gambling losses can only be deducted as a miscellaneous itemized deduction and only up to your gambling winnings, so if you don’t itemize you may not even be able to deduct your gambling losses.  It might be wise to discuss this with your tax preparer (or if you use turbotax hire someone to discuss it with) so you know what deductions you even qualify for.

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