I had a taxable gambling win (poker bad beat payout) and chose not to have any of the taxes taken out at the time of the win. My question is, since my spouse and I file jointly does that mean that both of us can deduct our gambling losses on our federal return, verified via win/loss statements, at all the casinos we've gambled at throughout the year? We have separate players club accounts at all but one casino, I believe.
Also the casino I won the money at is in Indiana, and I live in Ohio. Are both states going to want something?
I use TurboTax so hopefully it is well equipped to handle this. I'm sure it's not that complicated of a return for their software it's just a new situation for me. Thanks.
Also the casino I won the money at is in Indiana, and I live in Ohio. Are both states going to want something?
I use TurboTax so hopefully it is well equipped to handle this. I'm sure it's not that complicated of a return for their software it's just a new situation for me. Thanks.