@mythara gambing losses are only deductible on Schedule A and can not exceed your gains. So if you are taking the standard deduction, the losses are not deductible.
You can not simply net gambling gains and losses and call it a day.
Also, what is your supporting documention that the vehicle is worth less than what is on the 1099? You just can't state it is less to you (i.e. "i never would have paid that much for this car" won't fly as an acceptable response). What was the MSRP or Kelly BB value of a new car with the same features and upgrades, etc.
