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Bovada I eagerly watched the dealer shuffle the cards and recited the simple rules in my head - guess which hand between the player and banker will be closer to 9. As the cards were dealt, I carefully considered my wager while observing the other players. An older gentleman to my right confidently announced "Banco!" indicating he was betting on the banker's hand. I decided to put my chips on the player's hand for that round. Baccarat Casino, Keeping meticulous records is essential for reporting any major gambling winnings for tax purposes. You must file IRS Form W-2G for slot jackpots over ,200 - the casino provides this form, so save it. Keep detailed logs of wins and losses from table games and sports betting too, even without required forms. Proof of losses offsets taxable winnings. Keep bank records, tickets, receipts. Fluctuating annual income from gambling requires diligent documentation come tax season. Don't just focus on win-loss gambling fun. The IRS still demands its cut in the end!

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