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.
$600 or more in gambling winnings (except winnings from bingo, keno, slot machines, and poker tournaments) and the payout is at least 300 times the amount of the wager; or; Any other gambling winnings subject to federal income tax withholding. Generally, you report all gambling winnings on the Other income line of Form 1040, U.S. Federal Income Tax Return. You can claim your gambling losses up to the amount of your winnings on Schedule A, Itemized Deductions, under 'Other Miscellaneous ...