Hi again,
I'm filling out my Schedule A and reading more carefully, and I now see that gambling losses are defined "gambling losses include, but aren't limited to, the cost of non-winning bingo, lottery, and raffle tickets"
But everyone here was saying that winning wagers still had to go in the deduction. Just double checking this - Why is the interpretation that the wager, for winning bets, can't be netted out of the winnings, and instead needs to be itemized separately? From the Schedule A instructions I'm only reading that non-winning bets go into losses.
My taxes are exactly the same either way because I itemize, but it seems like this could be important for those who do not.
