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Deducting Gambling Loss to offset Winnings.

Mo Zandkarimi
Level 2

If taxpayer file MFJ and has no itemized dedudtion, deduct 15K gambling loss against 15K winning. If so where and how

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IRonMaN
Level 15

Schedule A.  But it won't do any good if they don't have enough other itemized deductions.

I'm keeping this job. But I am selling surplus anvils on the side. If you are interested please call 867-5309

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IRonMaN
Level 15

Schedule A.  But it won't do any good if they don't have enough other itemized deductions.

I'm keeping this job. But I am selling surplus anvils on the side. If you are interested please call 867-5309

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