Gambling winnings. Entered 10 separate winnings for 2016. Tax % varied from 15% (which is what it should be) to 25%. How do I get this corrected?

My total tax liability is being overstated due to differing %'s for winnings entered.

posted

Connect with an expert

1 Best answer

Accepted Solutions

Gambling winnings. Entered 10 separate winnings for 2016. Tax % varied from 15% (which is what it should be) to 25%. How do I get this corrected?

Tax liability is figured on your TOTAL taxable income (line 43), not your separate income items.

View solution in original post

1 Reply

Gambling winnings. Entered 10 separate winnings for 2016. Tax % varied from 15% (which is what it should be) to 25%. How do I get this corrected?

Tax liability is figured on your TOTAL taxable income (line 43), not your separate income items.

Still have questions?