Cynthiad66
Expert Alumni

Deductions & credits

@spiff1972

The computation is performed on the federal return and as a result, the information accurately rolls to the state return.

 

To report your gambling losses, you must itemize your income tax deductions on Schedule A. You would typically itemize deductions if your gambling losses plus all other itemized expenses are greater than the standard deduction for your filing status.

 

Use this link for additional information:  Reporting Gambling Losses

 

 

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