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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15201
Experience:  15years with H & R Block. Divisional leader, Instructor
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Robin--I LOVE TO GAMBLE--i HAVE GAMBLED A LOT OF THIS

Customer Question

robin--I LOVE TO GAMBLE--i HAVE GAMBLED A LOT OF THIS WINNINGS BACK INTO THE CASINO----hOW WILL THIS EFFECT
Submitted: 5 months ago.
Category: Tax
Expert:  Robin D. replied 5 months ago.

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Expert:  Robin D. replied 5 months ago.

You would have to file your return but could show your losses on Schedule A if you itemize deductions. If you do not then you cannot claim the losses. The reporting is still required because of the amount. The casino will send the information to the IRS so they have the winnings on file.