How to file casino losses on taxes

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Gambling Winnings & Losses - File Taxes Online w/ Free Tax …

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How to Deduct Gambling Losses From Your Tax Returns | Silver ...

How to deduct your gambling losses - MarketWatch Apr 14, 2015 ... Did you have gambling losses last year? If so, you may ... Here is what you need to know at tax return time. ... Form W-2G keeps winners honest. Gambling Winnings - Iowa Income Tax/Withholding | Iowa Department ...

In either case, the gambler tax deduction for gambling losses for both ... Even if you do not receive a Form W-2G, Certain Gambling Winnings, or similar ...

FreeTaxUSA® - Can I deduct my gambling losses? Can I deduct my gambling losses? If you itemize your deductions, you can deduct your gambling losses to the extent of your gambling income. For example, if you report $5,000 in gambling income on your W-2G, you can deduct up to $5,000 of your gambling losses.

While you may be able to deduct your gambling losses, gambling winnings are not directly offset by gambling losses in your tax return. You must be able to itemize deductions on Schedule A of your return in order to deduct the gambling losses, and then can only deduct an amount up to the amount of your gambling winnings.

Tax Deduction for Gambling or Wagering Losses - Lawyers.com