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Originally Posted by dellinger63
be happy w/the 30K and don't sweat the $450 lost to the State because you can't deduct?
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It's not $450, its (3% on 30K) $900 plus penalty, when I didn't actually show a profit. If you don't have any income from wagering why should you have to pay a tax on it...in Illinois you have to, that's why.