- 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.
1 All winnings from all forms of gambling are taxable and must be declared as income on your tax return. 2  All losses from all forms of gambling are deductible as an itemized deduction for recreational players, limited to the amount of winnings declared. All winnings from all forms of gambling are taxable and must be declared as income on your tax return. 2  All losses from all forms of gambling are deductible as an itemized deduction for recreational players, limited to the amount of winnings declared.