I think the IRS rules on gambling winnings and losses are a charade. Everything is electronic so the casino knows exactly how much you won and lost during a "session"

billmcse · ‎June 4, 2019

SweetieJean · ‎June 4, 2019

People gamble in other ways as well.

Critter · ‎June 4, 2019

Well until congress rewrites the law we are stuck following the ones we have.

xmasbaby0 · ‎June 4, 2019

Gambling

To enter the W-2G or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction. Losses do not offset winnings dollar for dollar.

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I think the IRS rules on gambling winnings and losses are a charade. Everything is electronic so the casino knows exactly how much you won and lost during a "session"