- 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.
Report your total gambling winnings in Other Income on Line 21 of your tax return Form 1040. You cannot use any other personal income tax returns, such as Form 1040EZ, to report winnings from gambling.Deduct the amount of your gambling losses as an itemized deduction on Schedule A of Form 1040.You cannot subtract your losses from your winnings and report the net difference in income.eport your total gambling winnings in Other Income on Line 21 of your tax return Form 1040. You cannot use any other personal income tax returns, such as Form 1040EZ, to report winnings from gambling.