Get your taxes done using TurboTax

Yes, you have to report your gambling winnings on your income tax return. Generally, gambling winnings are reported on form W-2G.

You may enter your gambling winnings as if you received a W-2G. See How do I enter a W-2G?

You may also enter the gambling winnings under other reportable income. Follow these steps:

1. Sign into your TurboTax account.
2. Select Federal from the left side menu.
3. On the Wages and income screen, scroll down to Add more income. If you don’t see this, scroll down to Less Common Income and select Show more.
4. Select Miscellaneous Income, 1099-A, 1099-C and Start.
5. On the Let’s Work on Any Miscellaneous Income screen, select Other reportable income and Start.
6. On the Any Other Taxable Income? screen, select Yes.
7. On the Other Taxable Income screen, enter a description and amount, then Continue.
8. On the Other Miscellaneous Income Summary screen, confirm the entry and select Done.

To check the entry, Preview your 1040. Other reportable income is reflected on Schedule 1, line 10.

After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had. Losses can be deducted up to the amount you reported winning, but only if you itemize.