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Deducting Gambling Loss to offset Winnings.

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

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 15

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

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers