turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Lavish
New Member

For NC state, "Nonresident Income Allocation" section, do I enter gambling income as a negative amount for "Other Income/Loss on Federal Return" since I have a net loss?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

For NC state, "Nonresident Income Allocation" section, do I enter gambling income as a negative amount for "Other Income/Loss on Federal Return" since I have a net loss?

No, because you cannot have a gambling loss on the Federal return since gambling losses can only be deducted UP TO the amount of your winnings.

Lavish
New Member

For NC state, "Nonresident Income Allocation" section, do I enter gambling income as a negative amount for "Other Income/Loss on Federal Return" since I have a net loss?

I'm asking about the entry on the North Carolina state returns.   Because I have a net loss, how would it be counted properly on my NC state taxes if I don't enter it as a negative?   When it says "income/loss", that seems to indicate a loss would be a negative.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies