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Ok, I'm lost. So you claim the winnings on one form and the losses on another. What's the difference as far as the actual amount of tax you would pay?
From this site:
""I can net my gambling wins and losses." Some gamblers can net their wins and losses—if they are professional gamblers. Most gamblers, however, must put their gambling income on line 21 (Other Income) and take their losses, up to the amount of their winnings, as an itemized deduction on Schedule A. This deduction is not subject to the 2% AGI limitation."
http://www.gambling-law-us.com/Artic...mbling-tax.htm
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What this is talking about is not netting losses, but itemizing them, which you can do if you itemize your taxes as an amateur. DO NOT NET. You can itemize, which will get you some deductibility, if you do not take the standard deduction. Some states taxes also do not allow deduction of gambling loses.