CatinaT1
Employee Tax Expert

Deductions & credits

Based on the information's you provided, you have a total gambling loss of $13k.  

 

Keep in mind, the IRS requires taxpayers to keep an accurate diary or similar record of winnings and losses as well as provide receipts, tickets, or other records in order to deduct gambling losses. 

 

Taxpayer notes must include the date and type of gambling; the name and address of the gambling venue; the people with whom the taxpayer gambled, if applicable; and the amounts won and lost.

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