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emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2319
Experience:  IRS licensed Enrolled Agent and tax instructor
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I forgot to file gambling winnings 2014, however I have proof

Customer Question

I forgot to file gambling winnings 2014, however I have proof that I lost more than I won. The IRS is now penalizing me. can I still file an Admendment?
Submitted: 7 months ago.
Category: Tax
Expert:  emc011075 replied 7 months ago.
Hi. My name is ***** ***** I will be happy to help you. Yes, you need to amend it to fix it. Gambling losses are claimed on Schedule A and you will have to report your the winnings on 1040. The problem is that most states don't allow gambling losses deduction so you will most likely owe to state if you live in state that does tax lottery winnings.

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