Get your taxes done using TurboTax

You will need to report both forms.  You will follow these steps to enter the 1099-K and Form W-2G in Less Common Income.  

To enter your personal 1099-K items, sign in to your TurboTax account if it is not open and follow these steps:

1. Select Income & Expenses.
2. Scroll down to Less common income and select show more.
3. Scroll to  Miscellaneous Income, 1099-A, 1099-C, and check start.
4. On the page Let's Work on Any Miscellaneous Income, scroll to " Other reportable income " and click start.
5. On the page Any Other Taxable Income, select yes.
6. On the page Other Taxable Income, enter a description indicating Personal 1099-K and amount.
7. Select continue.
8. Select done on the next page

Repeat the above steps this time; in step 6, add the amount as a negative value.  Repeating steps 6-8 is to reduce the items that were received for personal use.  For example, payments to friends and family, coffee& donuts, amounts to a local store, etc.  

To report the gambling winnings and losses, follow these steps:

1. Scroll down to the last category, Less Common Income
2. Gambling Winnings  and Start
3. Follow the interview and report the winnings and Continue
4. Report the losses on the next screen
5. You can deduct gambling losses as an itemized deduction up to the amount of your gambling and prize winnings. And select Done

@RJDPA