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Old 11-17-2010, 05:55 PM
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tax information regarding casino losses deduction

I have spent 20,000 dollars at the casino the year. Been a bad year for gambling. I have not won a single jackpot better yet have I haven't won anything at the casino this year. I understand on your taxes You can write off with your winnings. The only problem is I have not won a single dollar year. How can I write off in losses when I do not have any taxable income from winnings??? There must be a way to write off some if not all losses? How would I write off those losses without triggering an audit?



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