In order to claim gambling losses as deductions on a tax return, records must be kept of all winnings and losses during the whole year. Understand all the important details of what can and can not be claimed as deductions in relation to gambling losses on a tax return with tips from an experienced tax professional in this free video on tax deductions.
Expert: Kristen Brand
Contact: www.accell-us.com
Bio: Kristen Brand has over eight years of accounting experience. She is a CPA in Florida and is a practitioner in Florida's Certified Audit Program for sales and use tax.
Filmmaker: Christopher Rokosz
Tax Deduction Tips & Advice : How to Use Gambling Losses as a Tax Deduction
In order to claim gambling losses as deductions on a tax return, records must be kept of all winnings and losses during the whole year. Understand all the important details of what can and can not be claimed as deductions in relation to gambling losses on a tax return with tips from an experienced t...