Hello…I’m hoping someone here can clarify a tax question for me. I’ve had some online winnings this year, but I’ve also incurred some losses. I’m trying to understand if there’s a way to deduct those losses against my winnings when filing my taxes.
I know that different types of income have different rules, and I want to make sure I’m handling this correctly. Can anyone provide advice or guidance on how to report these losses and if they can be used to offset my winnings?
Any information or tips on how to navigate this would be greatly appreciated