jopaul3
New Member

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?