If your total gambling losses — plus all of your other itemized expenses — exceed the standard deduction for your filing status, only then would you itemize. To report any gambling winnings, keep accurate journals or records and proof of all your winnings and losses. These records should detail the date of your winnings or losses and the type of gambling you participated in. In addition, you will need the name of the people you were with and the amount you won or lost.
Also, it's advised to keep losing scratch-off tickets, casino receipts, canceled checks or credit card statements that you used to gamble. In the event the IRS takes a second, closer look at your tax returns, you will be able to easily prove any gambling losses tax deduction that you claimed.
Because you need to itemize to claim these deductions, you have to use IRS Form to report your winnings and losses. This should include winnings of any amount regardless of whether you were given cash at a poker game or you won a car at the casino.
To claim these deductions, you must report all of your winnings as income as well as claiming your qualifying losses separately. You cannot report only your losses or you might find yourself in hot water with the IRS. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions. If you're a nonresident alien of the United States for income tax purposes and you have to file a tax return for U.
Nonresident Alien Income Tax Return. Refer to Publication , U. Tax Guide for Aliens and Publication , U.
Tax Treaties for more information. Generally, nonresident aliens of the United States who aren't residents of Canada can't deduct gambling losses. For additional information on withholding on gambling winnings, refer to Publication , Withholding of Tax on Nonresident Aliens and Foreign Entities. Do scratch off losses count as gambling losses? I like to play scratch offs and recently learned gambling losses can be deducted as much as winnings. I was wondering if scratch offs count because they are a lottery and how much information would the IRS need to accept them, because you can only buy them with cash.
Accepted Solutions. Employee Tax Expert. Would holding on to the loosing tickets also count instead of a receipt? No, because they don't show payment, unfortunately. How in the world can you show loss? No one gives you a receipt for purchasing a scratch off ticket. I have the loosing tickets and of course I had to buy them before they became a losing ticket? I agree, you don't get receipts for losing tickets, you just purchase them.
Level The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post. The ticket itself counts as a receipt.
Opus Nomad1c wrote: Wrong answer. They could be gifts, in which case you can't deduct the cost. Privacy Settings. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
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