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How to add a line item on Schedule A in TurboTax for reporting session gambling losses?

I AM NOT reporting W2G wins in TurboTax, as I am reporting my gambling wins/losses using the Session Method as indicated in Revenue Procedure 2015-X. I am using the "Other Miscellaneous Income" section in TurboTax to report my Session wins. But I can't figure out how to enter my session losses on Schedule A in TurboTax without entering W2Gs. Again, I am intentionally not entering W2Gs due to the Session Method of reporting gambling activity. I am also only deducting losses up to the amount of wins. I just need to know how to enter the session losses on Schedule A in TurboTax.
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4 Replies
DawnC
Employee Tax Expert

How to add a line item on Schedule A in TurboTax for reporting session gambling losses?

It doesn't matter if you have your winnings reported on a W-2G or not, both types (with w-2g and without) get entered into the same place.  Search for w-2g, use the Jump to link to be taken to the Gambling Winnings entry.   When asked if you have a w-2g, answer NO.   Then answer Yes when asked about other winnings - not on a w2g.   

 

You can total your winnings, by session, and report them there.   After that you will be asked about your losses (if you itemize, the entry comes from this screen).   You have to total your losses, using your method, and enter the total there.   

 

If you are using the desktop platform, you can use Forms mode to enter the total directly on the forms.   Keep your documentation with your tax records.   You should only provide it, if it is requested by the IRS.   

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How to add a line item on Schedule A in TurboTax for reporting session gambling losses?

Thank you @DawnC!

I was hoping to add the language "Revenue Procedure 2015-X Gambling Session Method" to the entry of of total session wins and and losses to clarify why the amount being reported doesn't match the W2G amount. I am just trying to take proactive measures to lessen the chances of being audited. 

I take it there is no way to edit the language of those entries?

KrisD15
Employee Tax Expert

How to add a line item on Schedule A in TurboTax for reporting session gambling losses?

No, the entry must be made in this particular manner so that the income is reported on Schedule 1 line 8b and the loss can be reported on Schedule A line 16. 

 

 

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How to add a line item on Schedule A in TurboTax for reporting session gambling losses?

That's unfortunate. Seems like TurboTax needs to get their stuff together. I am pretty much guaranteed to be audited by using the software due to it not having proper functionality to handle the Session Method of reporting gambling win/loss.

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