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1 reply

SharonD007
SharonD007
April 12, 2025

You can deduct gambling losses, but only to the extent of your gambling winnings. You can't deduct the losses without reporting any winnings and you have to itemize your deductions on Schedule A. If you don't have enough itemized deductions, you won't be able to deduct your losses.

 

Refer to the TurboTax article Can You Claim Gambling Losses on Your Taxes?

 

Review the following TurboTax articles to determine if there are additional items that you can deduct on your Schedule A.  20 Common Tax Deductions: Examples for Your Next Tax Return, What Are Itemized Tax Deductions?, and Standard Deduction vs. itemized deductions: Which Is Better?

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