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The amount of gambling losses you can deduct can never exceed the winnings you report as income. For example, if you haveR$5,000 in winnings butR$8,000 in losses, your deduction is limited toR$5,000. You could not write off the remainingR$3,000, or carry it forward to future years.

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Are bank statements proof of gambling losses? You can use your bank statements as proof of gambling losses if they are listed separately and not a combined number.

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