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Overview of Casualties and Losses

of all necessary facts. For more information regarding casualty losses of personal-use property and how to deduct them, refer to Publication 547 , Casualties, Disasters, and Thefts . If your business or income-producing property...

Wisconsin Addition to Income - Farm Losses

An Addition to Income may be required if farm losses were deducted on your federal tax return and you were NOT actively engaged (explained later) in the farming operations that produced those losses AND your nonfarm Wisconsin adjusted...

Illinois NonResident and Part Year Taxable Capital Gains and Losses

Use the following worksheet to calculate the Illinois portion of capital gains and losses. Income Apportionment Formula (IAF) Worksheet: ________________________ / __________________________ = ________________________ Total Sales Inside...

How do I report gambling winnings and gambling losses?

on gambling income and losses: Reporting winnings: The full amount of your gambling winnings for the year must be reported on line 21, Form 1040. You may not use Form 1040A or 1040EZ. This rule applies regardless of the amount...

What is a W-2G? Gambling Winnings and Losses and How to Report

deductions, you can deduct your gambling losses for the year on line 28 of Schedule A, Form 1040. You cannot deduct gambling losses that are more than your winnings. It is important to keep an accurate diary or similar record of your gambling...

Illinois NonResident and Part Year Taxable Business Income or Losses

Use the worksheet below to calculate the portion of Illinois Business income or losses that needs to be included on your Illinois return. If there is more than one business, you will calculate each business separately and then add...

Wisconsin Addition to Income - Amounts Not Deductible for Wisconsin

activity loss on your federal return for losses incurred when you were a resident of another state. The passive activity losses were not allocable to Wisconsin. The passive activity losses are not deductible for Wisconsin and must be included...

Form W-2G: Gambling Winnings

gambling, you can generally list your losses as a deduction to help reduce your income and lower your tax bill. To enter your gambling losses in our program go to Deductions > Enter Myself > Itemized Deductions > Miscellaneous Deductions...

New Jersey Income Subject to Tax

determines taxability. Enter on Line 23 the amount of your net gambling winnings. You may deduct your gambling losses from your winnings that occurred during the same year. You may use New Jersey Lottery losses to offset other gambling...

Oregon Tax

the installment method unless you "elect out" on or before the due date for filing your tax return for the year of the sale. If you elect out, you report all the gain as income in the year of the sale. Installment sale rules do not apply to losses. You...