How do I report gambling losses? I have an win/loss statement, but it only tells me my net/wins loss.

tkozane — Tue, 04 Jun 2019 19:20:14 GMT

Gambling To enter the W-2G or other documents For your G...

xmasbaby0 — Tue, 04 Jun 2019 19:20:17 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.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction. Losses do not offset winnings dollar for dollar.

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

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

topic How do I report gambling losses? I have an win/loss statement, but it only tells me my net/wins loss. in Get your taxes done using TurboTax

How do I report gambling losses? I have an win/loss statement, but it only tells me my net/wins loss.

Gambling To enter the W-2G or other documents For your G...