The Truth About Gambling Loss Tax Deductions!

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[jorgemanjarrez]

Why are people criticizing them for reacting and then giving a serious answer to a joke video? Do we forget that there are people out there that make horrible decisions?

[Lisa-Maelee]

Kids, this is not where you learn tax advice- we're starting to forget how these two are "reacting" to a jokester is considered financial advice these days... it's a show, it's all for views and entertainment, not your education. This video is like watching a police chase for driving instruction.

[harrisoncooper]

Gambling losses are also a schedule A deduction and Gambling income is income. So if they arent itemizing the income is taxable and the deduction goes unclaimed.

[donaldrichey]

You can only write off the equivalent of your winnings. I wonder if this guy gets his rocks off giving advice that could land people in jail.

[thedesk.]

The only thing more insulting to my brain than a tiktok are two guys critiquing it like they are neurosurgeons having a conversation before a procedure.

[SteveJohnson-htkv]

That mustache is HORRENDOUS! Oh my god! What is going on here? It’s not stylish, it’s not cute, it’s not funny. Help me out 😂