For many years I would enter my gambling winnings, and on the next screen it would ask me to enter my gambling losses, the amount owed in RED would be reduced once I entered the losses which equal my winnings. For the past 3 years or so, the losses would not reduce the gambling liability (winnings), it remains the same. Previously, once I entered the losses the amount owed in RED, it would go back to the same amount prior to entering the winnings, meaning it would offset in dollars. I do not use the standard deduction, I itemize all deductions.
Is there a cap on income where if you make too much you no longer get to write off losses? or has the program changed?
