http://www.filamwords.com/can-i-deduct-my-gambling-losses/ Personal Finance, Bargains/Deals and My Misc Ramblings Fri, 21 Nov 2008 21:45:39 +0000 http://wordpress.org/?v=2.0.5 http://www.filamwords.com/can-i-deduct-my-gambling-losses/#comment-83 Fri, 01 Jun 2007 02:19:17 +0000 http://www.filamwords.com/can-i-deduct-my-gambling-losses/#comment-83 [...] On my previous post, Can I deduct my gambling losses, I mentioned that gambling losses are only deductible up to the amount of the winnings and if you are itemizing your deductions on Schedule A. Also, you need to be able to substantiate your winnings and losses by keeping wagers, tickets, or any records just in case you get audited. You can use the following items for recordkeeping purposes in case you get audited by the IRS: [...] […] On my previous post, Can I deduct my gambling losses, I mentioned that gambling losses are only deductible up to the amount of the winnings and if you are itemizing your deductions on Schedule A. Also, you need to be able to substantiate your winnings and losses by keeping wagers, tickets, or any records just in case you get audited. You can use the following items for recordkeeping purposes in case you get audited by the IRS: […]

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