topic How do i enter my win/loss statement from gambling. form w-2g in Get your taxes done using TurboTax

How do i enter my win/loss statement from gambling. form w-2g

mikemelak — Thu, 06 Jun 2019 05:25:13 GMT

HollyP — Thu, 06 Jun 2019 05:25:15 GMT

Sign in to TurboTax Online, then click Continue your return, then pick up where I left off (if you are using TurboTax CD/ Download, then just open your return on your computer).
Click search (near the top right of the screen) and type gambling winnings on w-2g then click the Enter key.
Select Jump to gambling winnings on w-2g to edit your answers.

mikemelak — Thu, 06 Jun 2019 05:25:18 GMT

Why is it not letting me enter my full losses? It keeps saying it has to be less than my winnings but i have lost a lot more.

HollyP — Thu, 06 Jun 2019 05:25:18 GMT

Yes, because the amount of losses you can deduct may not be more than the amount of gambling income reported on your return. See IRS Tax Topic 419, Gambling Losses for more info. <a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc419.html">https://www.irs.gov/taxtopics/tc419.html</a>