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I was told they are starting to tax winnings on bingo and other games of chance. like the lottery . well any thing thats taxed is also viable for credit for loses. Iguess everyone will have to keep every ticket we buy and keep track by check or some other method for any small games of chance so we can deduct the lost. he he how bout being able to take all the lost even if its more than we make they would owe us a refund.
You would have to track it all somehow, I would call a tax agent and ask them, like H&R Block. Where did you hear this, are you talking about the local bingo halls or the online bingo sites?