You'll need to sign in or create an account to connect with an expert.
Ideally you would have gotten a W-2G to report your winnings.
Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax:
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.
Gambling Losses
You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings and losses. The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions.
Ideally you would have gotten a W-2G to report your winnings.
Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax:
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.
Gambling Losses
You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings and losses. The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MLP_Banana
Level 3
tony-tman-moore
Returning Member
joycesyi
Level 2
embedded_guy
Level 3
bridge5
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.