I have Turbo Tax Deluxe, and need to report Gambling losses Can I

Paid in Installments If you received lottery installments in 2016, these are treated as gambling winnings, and if you itemize deductions, you may deduct any

I have Turbo Tax Deluxe, and need to report Gambling losses Can I Remember, casual gamblers can only claim losses as itemized deductions on Schedule A up to the amount of their winnings Be careful if you're deducting losses

Paid in Installments If you received lottery installments in 2016, these are treated as gambling winnings, and if you itemize deductions, you may deduct any

can you make a living playing slot machines Gambling losses are tax deductible up to the amount of your winnings You would have to show evidence of those losses in order to offset any

However, gambling losses can offset tax liability, but only to the extent of winnings and only if you itemize your deductions You first need to owe on the

can you claim lottery anonymously in indiana For New York income tax purposes, gambling loss deductions are limited to the amount of gambling income reported on your return Other

You can claim all your losses as an itemized deduction, you DO NOT have to mail the IRS the receipts, they should accept your number