Solved
Can I still do the taxes myself even if I have many gambling winnings? but I also have more losses gambling
No text available
I'll bet you can.
To report gambling winnings:
1. Click Federal on the left-hand side menu.
2. Click Income across the top.
3. Scroll down to Less Common Income and click Show more.
4. Click Start or Revisit by Gambling Winnings.
After you report your winnings, you'll see a screen (see below) that asks for your gambling losses.
You can only take losses in the amount of what you won. So if you won $100, you could only take $100 in losses, and only then on Schedule A as an itemized deduction. You also have to have more in total deductions to get more than what the government gives you for your standard deduction.
Good luck!
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Explore your optionsEnter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2026. All rights reserved.
© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.
© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.