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can we use gambling loss in tax refund


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Posted

No.  Atuvanti chance unte andaru casino lone untaru weekends.

If you have winnings jackpots that you paid tax, and you have net loss at the end in this scenario you can claim your paid taxes back.

Posted

you can as itemized, but you also need to show your winnings too i guess 

Posted
14 minutes ago, chtfds said:

Yes you can but should be less than 5000$

Really?  Entertainment kada idi dani loss how u can claim?

Posted

 

Gambling losses are indeed tax deductible, but only to the extent of your winnings. This requires you to report all the money you win as taxable income on your return. However, the deduction for your losses is only available if you are eligible to itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.

Turbo tax website lo ila undi

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