@Vanessa A
Hi there,
Thank you for your response to the above question about gambling winnings. I understand that you are able to deduct your losses from the site/casino up to the amount of your reported winnings.
My question is regarding your directive to input your gambling losses..
If my total losses for the tax year exceeded my winnings, When I input my gambling losses, do I only input up to the amount of my winnings? Or do I input my total losses for the tax year and the Turbo Tax system will only apply up to the amount of my total winnings for the tax year as my deduction?
