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Proof for gambling loss

Would win loss statements from the Sportsbook along with logs directly from the Sportsbook showing: each wager, win, deposit, withdrawal and supplemental bank/venmo records showing deposits/ withdraw be enough proof in an audit? I did not keep my own personal log but I have logs that show all betting history from the Sportsbook 

 

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3 Replies
RobertB4444
Employee Tax Expert

Proof for gambling loss

That would definitely track your losses.  Make sure to save them outside of the app.

 

Remember that you can only deduct losses up to the amount that you have won.

 

@haw8195 

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Proof for gambling loss

Yeah. I printed out the logs and also have them backed up on my computer. Just wanted to make sure it would be enough proof? As I have more loss than wins.

Vanessa A
Employee Tax Expert

Proof for gambling loss

Yes.  Your logs from Sportsbook would be enough proof.  

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