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New Member
posted May 31, 2019 11:37:39 PM

Are gambling losses from previous years alowable

This is the first year for winnings - gambling - Can I deduct previous years losses

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1 Best answer
Level 15
May 31, 2019 11:37:41 PM

No, you cannot deduct gambling losses from previous years on your 2016 tax return.  They can only be entered for the tax year in which they occurred.

1 Replies
Level 15
May 31, 2019 11:37:41 PM

No, you cannot deduct gambling losses from previous years on your 2016 tax return.  They can only be entered for the tax year in which they occurred.