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Old 11-11-2007, 01:59 PM
grapabo grapabo is offline
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Join Date: Nov 2005
Posts: 313
Default Re: 2 tax questions, tax software

The answer to the second question is no. You won't be able to use previous years' losses to offset later years' winnings. The tax code allows for certain types of excess losses to be carried over or back to other years. Unfortunately, gambling losses aren't one of them.

I haven't worked with Turbotax, so I can't help you there.
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