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Get your taxes done using TurboTax
In TurboTax gambling winnings show on line 8 of your form 1040 as other income. Gambling losses show on line 16 of Schedule A as an itemized deduction. You enter the losses in the "Wages and Income" section, but they do show as itemized deductions.
You can preview your form 1040 in online versions using the steps below. You can use the forms mode in desktop versions.
1. Select "Tax Tools" in the left hand menu
2. Select "Tools"
3. Select "View Tax Summary"
4. Select "Preview My 1040" in the left hand menu
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March 1, 2023
6:22 AM