Level 15
10-04-2021
01:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@Just-Lisa-Now- if client itemizes, yes normally, but if there is an issue with proseries doubt if irs would catch it. and if they do as long as client is itemizing it would be legit. I have a couple of clients that have winnings and do not itemize, but it is "Per-Session" gambling losses which you can put on schedule 1.
See notice 2015-21