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Are gambling losses deductible for tax year 2018? I keep reading different articles and now I am not sure. Thank you

chiodoinc
Level 4
 
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TaxMonkey
Level 8

Can you link something that suggests a change to the treatment of gambling losses?


As always you must itemize, with many fewer itemizing there will be fewer gambling loss deductions.


https://www.irs.gov/taxtopics/tc419

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TaxMonkey
Level 8

Can you link something that suggests a change to the treatment of gambling losses?


As always you must itemize, with many fewer itemizing there will be fewer gambling loss deductions.


https://www.irs.gov/taxtopics/tc419

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