close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Taxes
      4. ›
    4. If gambling losses are higher than gambling winnings do the winnings have to be counted as income?
    If gambling losses are higher than gambling winnings do the winnings have to be counted as income?

    Answer this
    0  Views: 824 Answers: 3 Posted: 13 years ago
    Comment this question

      3 Answers

      Not in Canada. Same goes for lottery winnings.

      13 years ago. Rating: 3
      Comment this answer

        Gamble winings are alsways taxable.Talk to your tax Adviser about how much you have to win before you count it on your taxs.Good Luck and Have a great day!!!!!!!!

        13 years ago. Rating: 3
        Comment this answer

          Yes!

          13 years ago. Rating: 2
          Comment this answer



            Did this answer your question? If not, then ask a new question.

            Top contributors in Taxes category

             
            Ducky
            Answers: 4 / Questions: 0
            Karma: 240
             
            Colleen
            Answers: 12 / Questions: 0
            Karma: 180
             
            Benthere
            Answers: 0 / Questions: 0
            Karma: 120
             
            jhharlan
            Answers: 2 / Questions: 0
            Karma: 90
            > Top contributors chart

            Unanswered Questions

            VB77
            Answers: 0 Views: 3 Rating: 0
            nohu52
            Answers: 0 Views: 7 Rating: 0
            Aog777
            Answers: 0 Views: 6 Rating: 0
            cekmekoy5
            Answers: 0 Views: 10 Rating: 0
            Nhà cái 8KBET
            Answers: 0 Views: 9 Rating: 0
            Tìm Hiểu Kèo Châu Âu Và Những Ưu Đãi Dành Riêng Tại Dafabet
            Answers: 0 Views: 12 Rating: 0
            falconsgrupcom thao túng kết quả tìm kiếm
            Answers: 0 Views: 11 Rating: 0
            falconsgrupcom die web
            Answers: 0 Views: 14 Rating: 0
            > More questions...
            494678
            questions
            730760
            answers
            829964
            users