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New Member
posted Jun 1, 2019 7:04:02 PM

Where do I report gambling losses on new mexico state return?

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New Member
Jun 1, 2019 7:04:03 PM

You cannot adjust your New Mexico forms in order to include your gambling losses. Instead, your gambling losses must be entered on your Federal Schedule A as an itemized deduction. If you itemized instead of taking the standard deduction, you can deduct gambling losses up to the amount of your winnings.

For more information on claiming gambling losses, you can visit https://turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/L4l...