DianeC958
Expert Alumni

Get your taxes done using TurboTax

Even though the gambling winnings were reported on form 1099-Misc you can only deduct gambling losses as an itemized deduction.

 

If you do not have enough in mortgage interest, property taxes, state income taxes paid, charitable contributions, medical expenses that exceed 7.5% of your income to be greater than the standard deduction you will just take the standard deduction.

 

Link to Can You Claim Gambling Losses

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