My original refund was 2474.00 i forgot to add gambling winnings, when i amended the return for 2000.00 i now owe 240.00, why did my return change so much?

[timgilbert56]

I have 2000.00 in winnings and offset with 2000.00 in losses. my return now says i owe 240.00 instead of getting back 2474.00  what happened. do i still get the initial refund? do i have to pay the 240.0? and do i have to file this today?

[xmasbaby0]

Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.

https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/

https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses

2018 Standard Deductions:

Single   $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly  $24,000  (+ $1300 each spouse 65 or older)

Head of Household  $18,000  (+ $1600 65 or older)

[timgilbert56]

so adding just $2000 to my income completely wiped out my 2474.00 return?