- Vesuvius -. Naples is the capital city of the Campania region and the Province of Naples. Its metropolitan area is the second most populated in Italy and one of the largest in Europe. It is located halfway between the volcano, Vesuvius and a separate volcanic area, the Campi Flegrei.
You report gambling winnings as other income on line 21 of Form 1040, but you must itemize to deduct losing bets. If you have few other expenses to claim on Schedule A, it probably won't be worth sacrificing your standard deduction amount just to limit or erase your taxable winnings. Do the math to make sure.
If you are from a non-treaty country, then you will need to deduct your gambling losses from your prize winnings to obtain a partial or full gambling tax refund. Remember, the income code on your IRS Form 1042-S must read 28 in order to claim an IRS tax refund.