Share |. Map showing location of Louisiana on the US map. As shown in the Louisiana location map that Louisiana is located in the southern part of United States. It bordered by the Texas in the west, Arkansas in the north, and in the eastern side Mississippi makes boundary with it. However, in the south Mexico Gulf makes coastline with it.
Gambling losses (to the extent of gambling gains) are deductible in computing. adjusted gross income insofar as they are attributable to a trade or business. (subject to the illegal activities limitation of Section 17297 of the Personal. Income Tax Law). Advice is requested as to whether gambling losses (to the extent of gambling. gains) are deductible in computing adjusted gross income or are only deductible. from adjusted gross income in computing net income.
Your gambling winnings are generally subject to a flat 25% tax. However, for the following sources listed below, gambling winnings over $5,000 are subject to income tax withholding: Any sweepstakes, wagering pool (including payments made to winnners of poker tournaments), or lottery.epending upon the amount of your winnings and the type of gambling, the establishment or payer may be required to withhold income taxes. In general, 25% of the amount is required to be withheld. In some cases, a backup withholding of 28% is required instead.