# @loganallec on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=anGS2D98-Qs
- **Gondola URL:** https://gondola.cc/posts/68314609-loganallec-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/7a6b969248.jpg
- **Posted:** 2025-02-05T20:00:03.000+00:00
- **Account Owner:** Logan Allec (@loganallec) — https://gondola.cc/loganallec

## Caption

Lost money in your gambling journey? Should you report this to the IRS anyways? The answer may surprise you, find out now! 

Caveat: This video assumes that you do *not* qualify as a professional gambler for tax purposes.

Do you have multiple years of back tax returns you need to get filed? Don't file *any* of them until you've had your FREE consultation with Choice Tax Relief! Schedule your consultation today by calling 866-8000-TAX or by going to https://choicetaxrelief.com/free-tax-consultation/

Table of Contents: 
0:00 Net Loss - Should I Still Report Winnings and Itemize the Losses?
0:49 The IRS Does Not Know You Lost Money Unless You Tell Them About It!
1:32 The 1099-K Works the Same Way!
2:24 Your Gambling Winnings Can Always be Reported as Income!
3:20 Itemize Your Gambling Deductions!
4:20 Same States do Not Allow You to Deduct Your Gambling Losses!

#LLC #Partnership #taxreturns

## Stats

- **Views:** 12,382
- **Likes:** 134
- **Shares:** 0
- **Comments:** 62

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Logan Allec | @loganallec | https://gondola.cc/loganallec | Financial Service |
| Rylee Holwager | @rylee.hm | https://gondola.cc/rylee.hm | Social Media Manager |
| Logan Allec | @loganallec | https://gondola.cc/loganallec | Digital Creator |
| Logan Allec | @loganallec | https://gondola.cc/loganallec | Creator |

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