IsabellaG
Employee Tax Expert

Get your taxes done using TurboTax

Yes, the reconciliation of the Premium Tax Credit is based on your Modified Adjusted Gross Income (MAGI), which would include your gambling winnings without reducing them by your losses on Schedule A. See Form 8962 for the calculation. In TurboTax Premier for MAC, you can see the forms in your return. To switch to Forms Mode, open your return, and then click the Forms icon in the upper left corner of your screen (or choose Go to Forms from the View menu at top). Then you can see what figures were included in your Form 8962.

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