topic Gambling Losses in Get your taxes done using TurboTax

Gambling Losses

Hewfam760 — Tue, 24 Feb 2026 07:15:03 GMT

Where do I put my gambling loses

Re: Gambling Losses

rschule1 — Wed, 27 Sep 2023 22:42:39 GMT

Hi there:

After gambling income is entered. Turbo tax will ask about gambling losses and allow entry point for losses.

Re: Gambling Losses

OpeA1 — Wed, 27 Sep 2023 22:42:50 GMT

You should have been issued a W-2G for the gain/losses from gambling.

In TurboTax search for W-2G and use the Jump To link to take you to that section.

I hope this is helpful.

Re: Gambling Losses

xmasbaby0 — Wed, 27 Sep 2023 22:55:44 GMT

Gambling

To enter the W-2G or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

Gambling winnings are taxable income. Losses are an itemized deduction. If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.

https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/

https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950 (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)

MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)

Legally Blind + $1750