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New Member
posted Jan 28, 2023 11:25:35 AM

Why is Turbotax telling me "Schedule Y: Sch Y, Gambling Losses should not be greater than $"?

I already filed my federal return. I am now trying to file my state return. The $78 that I listed in box 17 is being carried over between returns. Turboxtax is telling me to check this entry. I have checked it, $78 is the correct amount. But it won't let me past this section - it's stating  "Schedule Y: Sch Y, Gambling Losses should not be greater than $?" What does not be greater than $ even mean? I do not understand.

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3 Replies
Expert Alumni
Jan 30, 2023 6:42:12 AM

Gambling losses are tax deductible but only to the extent of your winnings.  Gambling Losses should not be greater than $ is more than likely referring to winnings.  You will want to verify that you are not claiming a loss higher than your winnings.  

 

For more information on claiming gambling losses on your taxes, see the link below:

 

Can you claim gambling losses on your taxes?

New Member
Jan 30, 2023 10:02:34 AM

I am not claiming a loss greater than winnings. It literally won't let me get past this section. Am I supposed to put $0 here? 

Expert Alumni
Jan 30, 2023 10:40:23 AM

Because your tax issue relates to your state return, what state return are you trying to prepare and file?

 

@cmbatchelor