IRS Audit Red Flags & Triggers: How the IRS Catches You
LyfeAccounting
APRIL 8, 2021
Claiming Large Losses From Gambling. The IRS pays heavy attention to losses claimed from gambling. This is because you can only deduct gambling losses to the extent that you report your winnings. If you gamble recreationally and claim losses, the IRS will be looking to see if you also reported your winnings in your income.
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