AnnetteB6
Employee Tax Expert

Deductions & credits

If your gambling losses along with your other itemized deductions do not exceed your standard deduction, then you will not see any tax benefit from claiming the gambling losses.  

 

You can use the instructions in the following TurboTax article to check whether you are claiming the standard deduction or itemized deductions.  If you are using itemized deductions, the gambling losses will be shown in the 'Other Itemized Deductions' category or on line 16 of Schedule A.

 

 How do I change from the standard deduction to itemized or vice versa?

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