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Every year around November I take a withdraw skim of my money in the sports book. That way I can get the cash and then write off the expense deposits Ive made throughout the year..
If you wait till January to make the withdraw, and dont cliam any earnings for the current year, all those deposits you made go to waste and you wont be able to write em off.
The only time you can write off gambling expense is when you have it as an earning.
You can never write off gambling as a loss, only as and against an earning
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