[vpFREE] RE: Anyone filed Schedule C in Kansas?

 

v p player

 

I checked the KS website and the 2013 tax booklet.  You can deduct gambling losses in 2013.  In 2014 you will not be able to deduct gambling losses.  There is a change for 2013 that affects gambling losses and other itemized deductions.  You will only be allowed to take 70% of your itemized deductions except for charity which will remain at 100%.  Your taxable income will be taxed at a lower rate, but obviously this will not help much if you have a bunch of W-2s.  Good luck with the Schedule C play.  No more gambling in KS for me!

 

Chris

 

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