topic Re: Amendment Error, Does it Matter? in After you file

Amendment Error, Does it Matter?

sedtax — Tue, 10 Mar 2026 05:21:36 GMT

Hello! I filed (another) amendment return last week and my gambling losses are correct per my logs/receipts (yay!) but I accidentally double-counted a portion of winnings. Does it matter? Will I have to amend again later on? I don’t owe any money or am due money either way. Thank you!

Re: Amendment Error, Does it Matter?

Mike9241 — Wed, 01 Jun 2022 19:59:38 GMT

your situation is not clear.

gambling losses are deductible to the extent of gambling winnings. if you correctly reported gambling losses but over-reported gambling winnings your taxable income could be overstated which means you could have overpaid your taxes.

Re: Amendment Error, Does it Matter?

sedtax — Wed, 01 Jun 2022 20:06:26 GMT

Hello, Mike9241!

Yes I over-reported gambling winnings but correctly reported losses.

Re: Amendment Error, Does it Matter?

sedtax — Wed, 01 Jun 2022 21:22:44 GMT

I suppose the question I am asking is if accidentally overreporting my gambling winnings will get me in trouble.

Re: Amendment Error, Does it Matter?

Critter-3 — Wed, 01 Jun 2022 23:57:50 GMT

No trouble ... the IRS lets you make income errors in their favor.

Re: Amendment Error, Does it Matter?

sedtax — Thu, 02 Jun 2022 03:54:49 GMT

Thank you, @Critter-3