Amendment Error, Does it Matter?

[sedtax]

Hello! I filed (another) amendment return last week and my gambling losses are correct per my logs/receipts (yay!) but I accidentally double-counted a portion of winnings. Does it matter? Will I have to amend again later on? I don’t owe any money or am due money either way. Thank you!

[Mike9241]

your situation is not clear.

gambling losses are deductible to the extent of gambling winnings.  if you correctly reported gambling losses but over-reported gambling winnings your taxable income could be overstated which means you could have overpaid your taxes.

[sedtax]

Hello, Mike9241!

Yes I over-reported gambling winnings but correctly reported losses.

[sedtax]

I suppose the question I am asking is if accidentally overreporting my gambling winnings will get me in trouble.

[Critter-3 · Accepted solution]

No trouble ... the IRS lets you make income errors in their favor. 

[sedtax]

Thank you, @Critter-3