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The city of Palma, located on the Balearic island of Mallorca, is about 340 miles (548 km) from Madrid. The easiest and fastest way to get between the two cities is by plane, with nonstop flights departing from Palma airport on a daily basis and a flying time of 1 hour 25 minutes.
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    Regardless of the tax form you receive, as an individual you must report gambling winnings (including sports bets) on your Form 1040, Schedule 1, Line 8, under Other Income.  Remember: This is any and all winnings. You can only deduct losses if you itemize your taxes. The same is true of up-front money that you stake.
    Yes, winnings from Stake.us may be considered taxable income. For this reason, you need to report any winnings so that you can pay taxes on winnings at Stake.us.
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