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Level 2
March 14, 2019

Deducting Gambling Loss to offset Winnings.

  • March 14, 2019
  • 1 reply
  • 3 views

If taxpayer file MFJ and has no itemized dedudtion, deduct 15K gambling loss against 15K winning. If so where and how

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1 reply

IRonMaN
Level 15
March 14, 2019

Schedule A.  But it won't do any good if they don't have enough other itemized deductions.

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