this year's software allows you to enter gambling losses but it is not used to offset gambling winnings. The tax code still provides for this to happen even if you are taking the standard deduction. I believe intuit needs to fix this in their software
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Completely agree. It is now February 15 and it's still not fixed. I had prize winnings, I itemize, I entered gambling losses and it's nowhere to be seen on my returns.
Use this IRS interactive tool to determine how to deduct gambling winnings/losses.
How to deduct gambling winnings/and or losses
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