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Can I report my losses from previous years 2015-2013?
I don't to file back taxes. I want to know about win and loss
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posted
June 5, 2019
10:58 PM
last updated
June 05, 2019
10:58 PM
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Can I report my losses from previous years 2015-2013?
You have to report gambling winnings and losses in the tax year that they happened. You can not report 2013-2015 win/loss on your 2016 tax return. You would report that on a tax return for each year of interest. You can not report only losses. You can enter losses only as much as winnings that you enter. Losses do not offset winnings dollar for dollar, instead they are an itemized deduction.
June 5, 2019
10:58 PM
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Can I report my losses from previous years 2015-2013?
You have to report gambling winnings and losses in the tax year that they happened. You can not report 2013-2015 win/loss on your 2016 tax return. You would report that on a tax return for each year of interest. You can not report only losses. You can enter losses only as much as winnings that you enter. Losses do not offset winnings dollar for dollar, instead they are an itemized deduction.
June 5, 2019
10:58 PM
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