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Why did turbo tax software not deduct my gambling losses? My losses equaled my winning, but it still taxed the winnings.
I inputted about six W2G. After each input, my taxes increased. Winnings totaled $10,851. The tax added was $3,889.
I then listed my losses as $10, 851. But when I hit "done" the taxes did not decrease. It gave me no credit for the losses.
Could there be a glitch with my software?
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‎June 5, 2019
3:20 PM