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smahnke2k
New Member

I received a 1099-MISC for gambling winnings. However I lost much more. How do I report my losses?

I need to know where do I report gambling losses?  All my 1099-misc lists my one time win.

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1 Reply
wizdu1013
New Member

I received a 1099-MISC for gambling winnings. However I lost much more. How do I report my losses?

You can only claim up to the amount of winnings in losses. If you win 1200 your can only claim 1200 in losses.

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