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Old 12-01-2005, 03:14 PM
Luv2DriveTT Luv2DriveTT is offline
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Join Date: Apr 2004
Location: USA
Posts: 3
Default Re: Tax return question

No. You cannot list the net winnings. You must list the gross winnings and the gross losses separately (which if you add them together give you your net winnings anyway).

On a related note, you probably won't want to claim the standard deduction if you are reporting gambling winnings, otherwise you cannot deduct your losses.

TT [img]/images/graemlins/club.gif[/img]
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