Rival Gaming software develops games people love to play and efficiently promotes these games in the online gaming market. Rival Gaming, owned by Chip Ltd. based in Cyprus, successfully creates online casino software and games that are played by many casino fans throughout the world, including players from the US. The software was established in 2006 and since then it has many a word for itself thanks to its professionalism and game innovations.
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Gambling Loss Limitation You can't deduct more in gambling losses than you have in gambling winnings for the year. For example, suppose you reported $13,000 in gambling winnings on Line 21 of Form. How to Use Gambling Losses as a Tax Deduction. You may use gambling losses as a tax deduction up to the amount of your gambling winnings within the same calendar year. In order to claim gambling losses, you must itemize your deductions on Schedule A and file your federal income tax return on Form 1040.
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