Skip to main content
February 18, 2025
Question

Ok Gambling Losses not calculating correctly

  • February 18, 2025
  • 1 reply
  • 0 views

After suspecting the software is not calculating OK gambling losses correctly, I created a "test"  tax return.  I put a psuedo 1099 for $80,000 in gambling income.  Then I reported $80,000 in losses.  The Federal refund appropriately calculated $0 but the OK state shows a tax due of $2,861.

 

For my personal return, I wrote off all winnings and filed a schedule A but it still shows us owing over $3,700 to OK

    1 reply

    KrisD15
    February 18, 2025

    TurboTax does not allow gambling loss to be entered unless the gambling income was reported on Form W-2G. 

    Did you enter the gambling loss manually on Schedule A using forms mode? If so, the program may not recognize that number as gambling loss and not carry it over to the Oklahoma return. 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"