Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Gambling losses in 2018 will rarely be deductible since most people won't itemize, right?

Greta
Level 9
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
TaxGuyBill
Level 15

Correct, gambling losses are not deductible unless you Itemize, and fewer people will be Itemizing in 2018.

View solution in original post

0 Cheers
3 Comments 3
TaxGuyBill
Level 15

Correct, gambling losses are not deductible unless you Itemize, and fewer people will be Itemizing in 2018.

0 Cheers
IRonMaN
Level 15
For federal - the deduction still could be there for the state.

Slava Ukraini!
0 Cheers
clr600
Level 8
It's all according to amount won and loss
0 Cheers