tax123abcdefu
Level 1
04-05-2023
12:10 PM
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abctax55
Level 15
04-05-2023
12:22 PM
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They aren't showing up on Sch A?
HumanKind... Be Both
IRonMaN
Level 15
04-05-2023
12:35 PM
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You listed more losses than winnings?
Slava Ukraini!
PATAX
Level 15
04-05-2023
01:30 PM
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I just did one and no problem. Pro series has always done excellent job on this both for federal and Pennsylvania.
IRonMaN
Level 15
04-05-2023
01:31 PM
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ProConnect 😉
Slava Ukraini!
sjrcpa
Level 15
04-05-2023
01:39 PM
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You have to itemize deductions to claim gambling losses.
Winnings still show up as taxable on the front of the return.
The more I know the more I don’t know.
George4Tacks
Level 15
04-05-2023
07:07 PM
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@tax123abcdefu I think what you are hoping for is for the losses to be an adjustment to income. That went away a long, long, long time ago.
$4,000 winnings and $3,000 losses net out to only $1,000 income. NOT ANY MORE.
Answers are easy. Questions are hard!