@dhuber24 wrote:
Because Wisconsin does not allow losing sessions to offset winning sessions over the year.
However, that is only for federal and for states that allow losing sessions to offset any winning sessions.
Are you talking about Itemized deductions?
For federal, all Session Wins are taxable. Session Losses are an Itemized deduction.
For Wisconsin, all Session Wins are taxable. Session Losses are NOT an Itemized deduction.
If you follow the directions I gave, both Federal and Wisconsin will report the correct Session income (not including Itemized deductions).
If you Itemize your deductions, you can claim the Session gambling losses on Schedule A. I'm not certain, but I wouldn't think that TurboTax will let those Itemized deduction losses to flow to the Wisconsin Itemized deductions (offhand, I don't think there is even a place for it on the Wisconsin return).
