Deducting Gambling Losses at a Glance
You may be able to deduct gambling losses if you itemize deductions.
You CANNOT deduct more than the amount of gambling income you report on your return.
Publication 17, Your Federal Income Tax - Chapter 28, Miscellaneous Deductions - See Deductions Not Subject to the 2% Limit for essential guidance
Publication 529, Miscellaneous Deductions- See Deductions Not Subject to the 2% Limit for detailed guidance