Tax Help for a Newbie
So Im trying to get my taxes done and using Turbo Tax if I have a total winnings of $12k and total losses of $7k for a net total of $5k in winnings my taxes are going to come to $1k. This is my only income and this seemed extremely high to me for $5k total income as last year I paid $38 in taxes on $5k in non-gambling income.
Are Turbo Tax's numbers about right or are they definitely off? Im filing in Massachusetts although I go to college in New York (Ive heard Massachusetts is very harsh on gambling taxes could I file in New York?), should I get an accountant and can anyone give me any insight on finding an accountant who can deal with this kind of issue cost appropriately?
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