Did you win any money from your Super Bowl pool?

Awesome -- Now make sure you report it on your 2017 tax return.

Yep. Gambling winnings of any kind are taxable income and Uncle Sam wants his cut and that includes winnings from the Super Bowl, a Fantasy Leagues, Vegas -- even the local Lotto, make sure you tally it up.

Report it as "Other Income" on line 21 of your Form 1040 .

The problem is -- You only can deduct your losses to the extent of your winnings.

So if you won $1,000 last year but lost $1,500, you can only report $1,000 in losses so the other $500 is, well, lost.

Your losses are reported on Schedule A - Itemized Deductions. So if you are a high earner, and might not get to deduct the full amount of your gambling losses.

Look for Form W2-G in the mail - it'll report your winnings and come from casinos and organized gambling institutions.

Granted it's not going to be coming from the guy who ran your office pool, but still know your winnings are taxable income.

And I know what you're saying, "But how will Uncle Sam know?

You'll get audited - or how bout this - the IRS has a whistleblower program and offers rewards -- you have a pissed off neighbor he just might rat you out... it happens.

So hopefully you saved everything - or can use bank statements to recreate lyear'sears wins and losses.

Report everything!

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Deducting Gambling Losses on Your Taxes - TheStreet.com