Yes, you can enter the gambling winnings and losses (up to the
amount of winnings) on your federal return
Gambling losses
get entered into TurboTax after
you first enter your gambling winnings, following these steps:
- In your return, select Federal Taxes
- Click on Wages & Income
- On "Your income" page click on "Show
more" for Less Common Income
- Click on "Start" button for Gambling Winnings
The interview will ask
whether you have any gambling winnings, and will then ask you about gambling
losses.
