You may be able to deduct gambling losses if you itemize deductions. You CANNOT Related Forms. Form Schedule A, Itemized Deductions (PDF).
Reporting Gambling Income and Losses on Your Tax Return If you win, the payer may give you a Form Certain Gambling Winnings.
Also, amateur gamblers can only deduct actual wagering losses. sure the gross gambling winnings reported on Line 21 of your Form 1040 (or on See also IRS Publication 529 (Miscellaneous Deductions) at www. irs.gov.