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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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‎February 2, 2021
6:53 AM