Gambling Log
This handout highlights the tax reporting requirement for taxpayers who have gambling winnings. It also includes a worksheet to track gambling activity.
HIGHLIGHTS:
Tax reporting requirements.
Diary of winnings and losses.
Proof of winnings.
Gambling log.
CLIENTS WHO MAY BENEFIT:
Taxpayers who have income from gambling winnings.
Taxpayers who regularly gamble and need a way to track gambling activity.