Vtlink11
New Member

Slot winnings

I was on a carnival cruise and won 43k. Got a 1099 for 43k. Used that money to gamble on while I was on the cruise ship and took home 35k of that 43k. 

how do I report this to the IRS. The 1099 gets reported as income but how do I report the “loss” of 8k plus the 4K I spent of my own money.