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Old 07-18-2007, 02:48 PM
oldbookguy oldbookguy is offline
Senior Member
 
Join Date: May 2007
Location: wvgeneralstore.com
Posts: 820
Default Re: Still working on 2006 Taxes

You cannot 'net' gambling winnings.
Winning go on one line, losses in the dedustions section of the itemized deductions.

obg


[ QUOTE ]
Should I be filing taxes based on this information?
These are all round figures

Winnings:
180k

Losses:
170k

Net:
10k

Cashed out:
4.5k

[/ QUOTE ]
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