Get your taxes done using TurboTax

The IRS will want to see the 1099-MISC reported on your tax return. 

If you do not itemize deductions, the losses from the gambling will not be used, they will not be deducted from your income, they will not be deducted from your winnings

If you take the Standard Deduction, as most people do, there is no reason to enter your gambling loss. 

In this case (you use the Standard Deduction) the winnings will be taxed the same, if entered from a W-2G or as a 1099-MISC.

IF THE ADDITION OF GAMBLING LOSSES WILL BE ADVANTAGOIUS TO YOU please follow the steps listed below. 

You will enter the gambling winnings so that you can also enter the losses.

You will enter the 1099-MISC so that it matches what the the IRS has on file.

You will enter a NEGATIVE 1099-MISC to negate the double reporting.

Go to 

Wage & Income

Less Common Income

Prizes, Awards, and Gambling Winnings 

It first asks if you have a W-2G, select No.

Next, enter the amount won from the 1099-MISC

Continue and enter the amount of losses on the following screen. 

Click Done

Enter the 1099-MISC as it is reported. 

Wages & Income

1099-MISC and Other Common Income

Income from 1099-MISC    START  or  UPDATE

Next, enter a negative adjustment

Wages & Income

Less Common Income

Miscellaneous Income, 1099-A, 1099-C     START

Scroll down to "Other reportable income"    START

Type "Gambling reported twice" or something similar that will let the IRS know what you are doing 

Enter the same total amount of the 1099-MISC to zero it our (enter as a negative number) 

Click DONE

The total winnings will be on Schedule 1 line b2 and carried to line b4

The 1099-MISC will be on line z2b

The adjustment is on line z12

The amount from Schedule 1 flows to Form 1040 line 8