This is my first time filling tax myself so please bare with me.
I have a gambling income of $7500, which I entered with W2-G. I also do have gambling losses of about $4500, which I entered as it prompted and asked me if I had losses.
I went with itemized deduction and entered my losses under Other Deduction Expenses.
When I proceed, it says that "Standard Deduction is right for you", and I get more tax return with Standard Deduction over itemized deduction. Is it because I do not have enough items and amount to claim with Itemized Deduction? Is it better off to forget my gambling losses and go wtih the standard deduction?
