I am reporting almost 80,000.00k in gambling winnings if i have an adjusted win/loss of -102,000.00 am I safe from being audited?

[SweetieJean]

Are you a professional gambler?

[KatrinaB · Accepted solution]

No. You are only allowed to deduct gambling losses up to the amount of your winnings. This should be reported on your schedule a as part of your itemized deductions.

[xmasbaby0]

Gambling

To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction.  Losses do not offset winnings dollar for dollar.

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses