- 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.
other words, taxpayer may deduct all types of gambling losses, including those from playing the. New Jersey Lottery, from their total gambling winnings during the tax period not to exceed the. total of the winnings because gambling is a ânetâ category of income. All taxpayers may be required to substantiate gambling losses used to offset winnings reported. on their New Jersey gross income tax return.