BrittanyS
Expert Alumni

Business & farm

Gambling losses are tax deductible but only to the extent of your winnings.  Gambling Losses should not be greater than $ is more than likely referring to winnings.  You will want to verify that you are not claiming a loss higher than your winnings.  

 

For more information on claiming gambling losses on your taxes, see the link below:

 

Can you claim gambling losses on your taxes?

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