Inside Nicole Kidman and Keith Urban's 10 Epic Years of Marriage: An Intense and Determined Romance. What a difference 10 years can make. Or a moment for that matter, because when Keith Urban met Nicole Kidman at the 2005 G'Day USA gala honoring Australians in Los Angeles, he was pretty much down for the count. And yet, it took him four months to pick up the phone.
While the IRS does not have a gambling losses tax, it does allow for you to deduct gambling losses on your tax return in the form of a miscellaneous deduction. To deduct your losses from gambling, you will need to: Claim your gambling losses on Form 1040, Schedule A as Other Miscellaneous Deduction (line 28) that is not subject to the 2% limit.
You may only deduct gambling losses if you itemize the rest of your return. You must use Form 1040 for your return, not 1040EZ or 1040A. Report gambling winnings on Line 21 of Form 1040 and the gambling losses on Line 28 of Schedule A on the 1040.If you are audited, you will need to provide proof of the losses in the form of receipts, tickets, statements or other records.ubtract the total of the losses from the total of the winnings to reduce your taxable liability. You can only deduct your losses up to the amount of your winnings. If you won $5,000 and lost $6,000, you may only claim the $5,000 in losses, which zeros out your liability.