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In Massachusetts, gambling losses can only be deducted up to the amount of your reported gambling winnings. You must first report all your gambling winnings on Schedule X. Only then can you enter your gambling losses on Schedule Y, and the losses can't exceed your winnings.
Make sure your gambling are properly reported on your Federal return. This should flow properly to your state tax return.
To enter your gambling winnings in TurboTax Online you will do as follows:
When you enter your gambling winnings in TurboTax, the interview will also ask you questions regarding gambling losses, after you input your gambling winnings. Your gambling losses will flow to your state return. Your state may have different rules for gambling losses.
Thank you very much!
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