I am using Turbo Tax Premier Desktop and after I enter my W2=G gambling wins, it just exits to the summary view and does not offer me a chance to enter my gambling losses. Is there any other waty to access the gambling loss screen so I can enter my losses?
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To enter gambling losses you must itemize deductions on Schedule A. If your itemized deductions are less than your standard deduction you can’t recoup your loss. You can’t deduct a loss greater than your winnings.
To enter gambling losses you must itemize deductions on Schedule A. If your itemized deductions are less than your standard deduction you can’t recoup your loss. You can’t deduct a loss greater than your winnings.
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