Gambling winnings on w2g

bigmike16922 — Tue, 04 Jun 2019 20:56:17 GMT

It wont let me add my w2g without paying for the deluxe. is there any way to skip this

Gambling winnings can only be entered on a Form 1040. Th...

DoninGA — Tue, 04 Jun 2019 20:56:19 GMT

Gambling winnings can only be entered on a Form 1040. The Free online edition does not support Form 1040. You will need to upgrade to the Deluxe edition to report and gambling winnings and loses.

Gambling losses can only be deducted up to the amount of the gambling winnings. Gambling winnings are reported on Form 1040 Line 21 as Miscellaneous Income. Gambling Losses are reported on Form 1040 Schedule A as a Miscellaneous itemized deduction. Gambling losses are not a one-for-one reduction in winnings. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

To enter, edit or delete Gambling Winnings and Losses -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Gambling Winnings, click the start or update button

Or enter gambling winnings on w-2g in the Search box in the upper right of the program screen. Click on Jump to gambling winnings on w-2g

topic Gambling winnings on w2g in Get your taxes done using TurboTax

Gambling winnings on w2g

Gambling winnings can only be entered on a Form 1040. Th...