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J
Janelle1971
March 3, 2020
Question

gambling losses

  • March 3, 2020
  • 1 reply
  • 0 views

please call me on [phone number removed]   typing is difficult

1 reply

VolvoGirl
VolvoGirl
Employee
March 3, 2020

It is very hard now to get to deduct losses.  You can't deduct it directly from the winnings.

 

 See Can I Deduct gambling losses?

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-gambling-losses/00/25861

 

Gambling Losses are an itemized deduction and you need to itemize on schedule A to use them.  So if your Standard Deduction is more they won't be used.  And since the Standard Deduction has increased a lot more people will be taking the Standard Deduction.

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