Inside Nicole Kidman and Keith Urban's 10 Epic Years of Marriage: An Intense and Determined Romance. What a difference 10 years can make. Or a moment for that matter, because when Keith Urban met Nicole Kidman at the 2005 G'Day USA gala honoring Australians in Los Angeles, he was pretty much down for the count. And yet, it took him four months to pick up the phone.
While the IRS does not have a gambling losses tax, it does allow for you to deduct gambling losses on your tax return in the form of a miscellaneous deduction. To deduct your losses from gambling, you will need to: Claim your gambling losses on Form 1040, Schedule A as Other Miscellaneous Deduction (line 28) that is not subject to the 2% limit.
Gambling losses (to the extent of gambling gains) are deductible in computing. adjusted gross income insofar as they are attributable to a trade or business. (subject to the illegal activities limitation of Section 17297 of the Personal. Income Tax Law). Advice is requested as to whether gambling losses (to the extent of gambling. gains) are deductible in computing adjusted gross income or are only deductible. from adjusted gross income in computing net income.