Get your taxes done using TurboTax

Normally gambling winnings are reported on form W-2G.  You received Form 1099-K because the payments were made electronically.  You can enter your gambling or prize winnings reported on a 1099-K in TurboTax by following these steps:

1. Click on Federal Taxes > Wages & Income  > I'll choose what I work on
   
2. In the Less Common Income section , click on the Start/Update box next to Gambling Winnings.  [Screenshot #1]
3. On the Gambling Winnings screen, click the Yes box.
4. If you've already entered some gambling winnings, you will see a screen, Form W-2G Summary.  Click the blue box, Add Another W-2G.  [Screenshot #2]
   
5. Continue through the screens, entering the requested information. 
6. You will also be able to enter your gambling losses, since gambling losses can be deducted as an itemized deduction up to the total of reported gambling and prize winnings.  [Screenshot #3]

If taxes were withheld, enter the withholding using these steps:

1. Click on Federal > Deductions & Credits
2. Go to the Estimates and Other Taxes Paid section and click on the Start/Update box next to Other Income Taxes.
3. On the Other income taxes screen, go to the Other Income Taxes Paid in 2015 section and click on the box next to Withholding not already entered on a W-2 or 1099.
4. Enter any withholding and click Continue.