JohnB5677
Employee Tax Expert

Deductions & credits

When you go through the interview for the W-2G please continue to the end.  There is an entry screen for gambling losses.

  • Gambling winnings are posted to line 8 of Schedule 1.  They are also included on line 8 of your 1040
  • Gambling losses are on line 16 of Schedule A
  • NOTE: Gambling losses can not exceed Gambling winnings.
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