Deductions & credits

The income and expense for gambling should be entered without the 1099-MISC. Keep that in your tax file. If you already entered it you can delete it by using the correct link below.

• If you're using TurboTax Online software and need to delete a form, click here.
• If you're using TurboTax Desktop software and need to delete a form, click here.

Yes, every dollar you win is a taxable event for your federal tax return and possibly your state return.

• IRS Topic 419 Gambling Income and Losses
• Can I deduct my gambling losses?

Enter the gambling winnings and losses using the steps below.

1. Sign into your TurboTax Online/Mobile or TurboTax Desktop account
2. Select  Wages and Income > Less Common Income > Gambling Winnings > Start
   1. TurboTax Desktop start with Income > Less Common Income > Gambling Winnings
3. Follow the screen prompts based on your situation (reporting document or none)
4. Be prepared with your gambling losses as well but they may or may not affect your tax return.  If you itemize deductions it could help.