Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

-

tax123abcdefu
Level 1
 
0 Cheers
6 Comments 6
abctax55
Level 15

They aren't showing up on Sch A?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
IRonMaN
Level 15

You listed more losses than winnings?


Slava Ukraini!
PATAX
Level 15

 I just did one and no problem. Pro series has always done excellent job on this both for federal and Pennsylvania.

IRonMaN
Level 15

ProConnect 😉


Slava Ukraini!
sjrcpa
Level 15

You  have to itemize deductions to claim gambling losses.

Winnings still show up as taxable on the front of the return.


Ex-AllStar
George4Tacks
Level 15

@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. 


Here's wishing you many Happy Returns