gambling tax laws?

Sharee Doak: i don't think so she can deduct losses from that

Raven Purl: Gambling losses (up to the amount of winnings but not over) are an itemized deduction on Schedule A, Form 1040.....assuming she has receipts to prove the losses.I was told that proving gambling winnings and losses are going to be a point of emphasis for IRS in the next few years.

Brittanie Zakutney: If she itemizes, she can take documented gambling losses as an itemized deduction, up to the amount of the winnings she's claiming on her return that year.If she doesn't itemize, then no she can't deduct losses.

Melvina Bieri: You can deduct gambling losses, but only to the extent you have winnings. You CANNOT have a net loss from gambling.

Samatha Nicar: Gambling losses can be written off to the extent of gambling winnings. In other words, if you've lost more than you've won in a calendar year (AND CAN DOCUMENT IT!) you won't have to pay any taxes on it.The citation below comes! "straight from the horse's mouth:" The IRS itself.

Otto Lingafelt: Gambling losses are deductible to the extent of winnings if you itemize.