turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
BrittanyS
Expert Alumni

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

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?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

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? 

GeorgeM777
Expert Alumni

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

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

 

@cmbatchelor

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question