Turbo Tax and deductions? - casino audit report procedure template
I would like to pay my taxes with Turbo Tax this year, and I wonder if I can use the program to terminate my gambling debts, the amount that I gained this year. I ATM withdrawal slips of the casinos, which would be tested for the withdrawal. Will it work? Is it enough if I have a test?
Please share.
Thank you,
CC
Casino Audit Report Procedure Template Turbo Tax And Deductions?
3 comments:
You can deduct gambling losses only if the individual prints. Your request for gambling losses as a deduction on different form 1040, Schedule A.
As you know, the amount of the loss in May that the deduction can not exceed the amount of revenue reported to the games of their return. It is important to obtain an accurate diary or similar record of your wins and losses from gambling. In order to deduct the losses, you should be able to provide receipts, tickets, statements or other documents showing the amount of both gains and losses. See Publication 529, Miscellaneous Deductions, for more information.
Yes Turbo Tax includes this option in other income. If I continue to slip, and your property.
No, ATM withdrawal slips show no losses, which would not be sufficient for an examination.
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