Are gambling losses an allowable subtraction?

You can deduct gambling losses if you itemize your deductions on your tax return, but you cannot deduct more than the gambling income you received You'll need

Deducting gambling losses: · You can claim a deduction on losses equal to or less than winnings, but not greater than your winnings for the tax year · The burden

can you remain anonymous in pa lottery Gambling losses may be taken only to the extent of gambling winnings On screen A

can i have tonight''s lottery numbers please 165, for a taxpayer who does not engage in gambling as a trade or business, losses from wagering transactions are allowable as an itemized