RobertB4444
Expert Alumni

Deductions & credits

They've told you how to do it.

 

First, you need to document all of your sessions.  You should already have done this.  You have to have documentation backing up all of the wagers - win and lose - that you are showing on the session report that you are preparing.

 

At the end of preparing your session report you should have all of your wagers entered.  Assuming that all of your sessions are the same as your example session then the net amount of your schedule 1 line 8 is zero.  

 

So, for Wisconsin, you can create a schedule 1 with zero on line 8 and remove the losses deduction from the schedule A.

 

Then you will submit the tax return you filed and your session report and the new federal return to Wisconsin.  You'll have to mail that all in, you can not file electronically with those attachments.

 

@dhuber24 

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