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Gambling Losses and Itemized Deductions
I have about $20,000 in gambling winnings with the same in losses. My itemized dedcuctions are at $17,300 so it is recommending the standard deduction of $28,500. I tried overriding, saying I wanted to itemize thinking it would then pull in the gambling losses of $20,000 which would then reduce my taxable income. However it doesn't pull the gambling losses in.
Is there a way to accomplish this?
Thanks
‎January 30, 2023
8:41 AM