- Posted on
- by Белов Григорий Данилович
They are only an itemized deduction and you need to itemize on schedule A to use them.
Ask your question to the community. This post has been closed and is not open for comments or answers. Was this answer helpful? To continue your participation in TurboTax AnswerXchange: Ask yourself what specific information the person really needs and then provide it. You gamblin cancel your subscription at any time from within the QuickBooks Self-Employed billing section. Back to search results.To add gambling losses using TurboTax: 1. Sign In or Open TurboTax 2. Select "Take me to my return" (Online) 3. Select "My Account" (top. [edited] According to the IRS, you will only be allowed to deduct gambling losses up to the amount of your gambling winnings and you will. Gambling losses are indeed tax deductible, but only to the extent of your winnings. Find out more about reporting gambling losses on your tax return.