- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
if your income from all sources does not exceed $12,200 (filing single), you are NOT required to file.
Also, gambling losses are not netted again gambling gains, so if you gains exceed $12,200 you are required to file and pay taxes on those gains.
The losses are placed on Schedule A as a deduction (which don't mean anything unless you itemize)
‎December 17, 2020
6:00 AM