Question

I live in Missouri, but have gambling winnings from Kansas. Please help!

Forum|Forum|1 year ago
March 10, 2025
1 reply
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As I understand, Kansas does not allow you to deduct losses from gambling.

However I live in Missouri, where you are allowed to deduct losses.

I have around $30,000 in winnings I must report. However I lost more than this amount in the last year.

I am uncertain of how to go about this on my taxes. Will I be able to deduct my losses since I live in Missouri but won the money in Kansas?

Not A Product Question

Yes, you will be able to claim the losses for Missouri, but you will have to pay state tax on all the winnings to Kansas.

GambleQuestionAuthor

Thank you for the reply.

How does this impact federal taxes?

You are required to pay tax on all of your gambling winnings on your federal return. However, when entering your gambling winnings, you will be prompted to enter your gambling losses. Gambling losses can be deducted up to the amount of gambling winnings. However, you can only claim your losses as a tax deduction if you itemize your deductions on Schedule A.

Here's where you enter your gambling winnings:

@GambleQuestion

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