Do I Need To Claim My Gambling Winnings and Can I Deduct My Gambling Losses?
Do I need to claim my Gambling Winnings and can I deduct my Gambling Losses: Your Gambling Winnings are to be included in your income. Under certain circumstances, you would also be able to deduct your Gambling Losses.
Information You Will Need:
- Your and your spouse's filing status and citizenship status
- Amount of your gambling winnings and losses
- Any information provided to you on a Form W-2G
Estimated Completion Time: 10 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.
The following interview covers the same questions you would answer if you called our toll-free tax assistance telephone number or if you came into a Taxpayer Assistance Center.
Page Last Reviewed or Updated: 04-Aug-2012
