As you entered your gambling winnings it asked about your losses before you were finished. Itemized deductions will be used if all combined are higher than the standard deduction. Attached is the chart for standard deductions to give you an amount for your filing status which will also indicate if you had enough deductions to itemize them.Besides the gambling losses other itemized deductions would include, but are not limited to:Medical expense (the amount over 10% (7.5% if 65 or older) of your adjusted gross income (AGI)Property and Income TaxesMortgage and Investment InterestContributionsMiscellaneousYou can preview your 1040 at any stage of preparing your return by following the steps here. Scroll to page two to see if itemized deductions were used.My Account > Tools > View Tax Summary > Preview My 1040Click the screenshot attached to enlarge and view for assistance.

Question

Hello, i had gambling winnings and losses last year and it said i would need to itemize my deductions but im not sure if it was done properly.

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Deluxe Online

D

DianeW777

As you entered your gambling winnings it asked about your losses before you were finished. Itemized deductions will be used if all combined are higher than the standard deduction. Attached is the chart for standard deductions to give you an amount for your filing status which will also indicate if you had enough deductions to itemize them.

Besides the gambling losses other itemized deductions would include, but are not limited to:

Medical expense (the amount over 10% (7.5% if 65 or older) of your adjusted gross income (AGI)
Property and Income Taxes
Mortgage and Investment Interest
Contributions
Miscellaneous

You can preview your 1040 at any stage of preparing your return by following the steps here. Scroll to page two to see if itemized deductions were used.