How Much Have You Lost Gambling Reddit
Add up all the gambling losses you incurred throughout the year. Subtract the total of the losses from the total of the winnings to reduce your taxable liability. You can only deduct your losses up to the amount of your winnings. If you won $5,000 and lost $6,000, you may only claim the $5,000 in losses, which zeros out your liability. In my 20's I went through a bad breakup right after college that led me to develop a serious gambling addiction for 8 years. Throughout that time I estimated I lost over 200K dollars but that wasn't even the worst part.
- How Much Have You Lost Gambling Reddit 2020
- How Much Have You Lost Gambling Reddit Live
- How Much Have You Lost Gambling Reddit Today
When you depreciate a car, you have to list on Form 4562 the percentage of its use during the year that was for business. Claiming 100% business use of an automobile is red meat for IRS agents. (Quick note: I did an AMA on Reddit recently. You can find that here. All of my plays since 9/22 are documented here, which is when the $300 run started.For convenience sake, I combine bets of multiple odds on a various game into one bet. 10 Best Christmas Gifts For Gamblers In 2020 If you’re reading this, there’s a good chance you have a gambler, gamer or casino lover in your life.
Hi Guys,
I seriously need help as I've been gambling over the last 10 years. It all started of like many others betting $100-200 at the casino and now I am doing $2,000 a spin on roulette.How Much Have You Lost Gambling Reddit 2020
I am sick of tired of this behavior. I've tried to quit so many time but the losses are too big for me to totally give up. I seriously don't know what to do. I did attended GA meeting a few time but it doesn't seem to help. Even attending these meeting I ended up lying to the counselor.How Much Have You Lost Gambling Reddit Live
The last 3 years I have built a successful business but now the cookie seem to crumble as I've been taking business money out for gambling. The problem here is the business has high taking but the outgoing is a lot too. I am blinded when using the money now and not be able to cover my expenses when end of the months comes around.
This week alone Day 1... won 5k. Day 2 lost 10k and Day 3 lost 17k. I am on the brink of breaking apart. I got no sense of money value here.
What breaks my heart the most is every morning, my wife (married for 1 year) wakes up early for work and she only earns 200-250 a day max. Here I am throwing money like an idiot. The current mess is so big now I am affair to tell her as this will 100% break our marriage. There is 5% I can cover all of this if everything stop at this instant.But on the other hand my head keep saying DO NOT give up and beat the casino/sportsbet again. For example I keep thinking all I need is to obtain large sum of money to make MORE money.
I'm scared at this age I don't stop it will get worst. The numbers will just increase no matter how much money I earn. And if the stake is too high then the life might be on the line.
How Much Have You Lost Gambling Reddit Today
Jack - Australia.