- 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.
Gambling and lottery winnings consist of gains. arising from gambling and lotteries. In calculating gains, the taxpayer may deduct gambling. and lottery losses (cost of tickets), other than losses incurred in the Pennsylvania lottery on or. after July 21, 1983, but may not deduct the costs and expenses incurred in connection with. the gambling and lottery activity.