Gambling winnings are taxable income. You can deduct your gambling losses only to the extent you have gambling winnings. Maybe revisit the gambling income section and make sure you have entered the winnings and losses correctly.
Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax:
- Locate the W-2G section:
- TurboTax Online/Mobile: Go to W-2G under Wages & Income.
- TurboTax Desktop:
- Go to Federal Taxes.
- Go to Wages & Income.
- If asked, How do you want to enter your income?, select I'll choose what I work on.
- Under Less Common Income, select Start or Update next to Prizes, Awards, and Gambling Winnings.
- Answer Yes on the Did you win money or other prizes in 2025? screen and follow the instructions to enter your W-2G.
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.
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