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Is a yearly profit and loss statement of gambling wins and losses issued by casino sufficient to file with federal tax return? I filed my federal tax return showing slot machine winnings as income.....
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The profit and loss account is opened by recording the gross profit on the credit side or gross loss on the debit side. For earning the net profit, a businessmanExpenses included in the profit and loss account are Selling and distribution expenses, Freight & carriage on sales, Sales tax, Administrative...
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