Yes, you would deduct the amounts shown on your W-2Gs from the total on your 1099-K. To do this:
- Follow steps 1-7 @HelenC12 outlined above.
- Answer Yes to receiving a W-2G and enter all your W-2Gs. Click Done.
- Answer Yes to Do you have other winnings not on a W-2G?
- Enter the winnings on the 1099-K that you have not already reported on your W-2Gs.
- Let us know if you had any gambling losses in 2021 enter your losses up to your winnings. TurboTax will tell you the winnings, which should match the total amount on your 1099-K.
