BillM223
Expert Alumni

Get your taxes done using TurboTax

First, know that you cannot deduct gambling losses in excess of your gambling winnings. Please see this TurboTax FAQ about gambling.

 

Second, you must enter gambling losses under Income (of all places). Go to Less Common Income and click on Start for Prizes, Awards, and Gambling Winnings. After you have entered your gambling winnings, you will be prompted to enter your losses.

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