@dhuber24 wrote:
If my total net Session wins are the same as my total net Annual wins for 2024, there really isn’t an impact on the Federal portion.
Where in TurboTax do I elect the Session Method??
No necessarily. It would only break even if you were already Itemizing your deductions. If you were using the Standard Deduction, the gambling losses on Schedule A may only offset some (or none) of the tax from the gambling.
There is no "election". You just report it that way.
Add up all of the session/days that have a gain (don't include sessions/days that have a loss). Add up all of your W-2Gs. Which one is larger?
The part of the Wisconsin Department of Revenue makes no sense. You DON'T have any gambling losses on your Federal Schedule 1 (the losses are only on Schedule A).
