topic Gambling To enter the W-2G or other documents For your G... in Get your taxes done using TurboTax

I think the IRS rules on gambling winnings and losses are a charade. Everything is electronic so the casino knows exactly how much you won and lost during a "session"

billmcse — Tue, 04 Jun 2019 22:28:46 GMT

People gamble in other ways as well.

SweetieJean — Tue, 04 Jun 2019 22:28:48 GMT

People gamble in other ways as well.

Well until congress rewrites the law we are stuck followi...

Critter — Tue, 04 Jun 2019 22:28:49 GMT

Well until congress rewrites the law we are stuck following the ones we have.

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

xmasbaby0 — Tue, 04 Jun 2019 22:28:51 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