https://ttlc.intuit.com/community/state-taxes/discussion/how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485458#M171740 <P>I have some winnings from sportsbooks, casinos and NJ lotto that will be reported as ~$1800 for federal purposes.&nbsp; (I will not be receiving a 1099 or W-2G for these winnings - i.e., all self-reporting.)&nbsp; &nbsp;All of these are NJ-sourced income, which is my state of residency.&nbsp;&nbsp;</P><P>&nbsp;</P><P>I have gotten to $1800 by adding my winning lotto tickets to my winning sportsbook bets to my winning casino sessions (using the "sessions" method).&nbsp; I will be taking a standard deduction.&nbsp; Accordingly, I will NOT be subtracting losing lotto tickets, losing sportsbook bets or losing casinos sessions from my federally reported winnings (since not permitted for federal purposes) nor will I be taking a deduction any for losing lotto tickets, losing sports bets or losing casino sessions (since I am taking the standard deduction).</P><P>&nbsp;</P><P>However, NJ calculates taxable gambling income differently.&nbsp; &nbsp;(<A href="https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml" target="_blank">https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml</A>).&nbsp; NJ let's you "net" all lotto and gambling winnings/losses and has an exclusion for NJ lotto winnings up to $10K.&nbsp; I calculate my NJ taxable gambling winnings as ~$1200.</P><P>&nbsp;</P><P>Given that I have $1800 in federal gambling winnings but only $1200 in state gambling winnings, and the way to get there is more complicated than simply wins minus losses, how can I input this on TurboTax?</P><P>&nbsp;</P> Sat, 15 Feb 2025 19:19:35 GMT SSC20 2025-02-15T19:19:35Z https://ttlc.intuit.com/community/state-taxes/discussion/how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485458#M171740 <P>I have some winnings from sportsbooks, casinos and NJ lotto that will be reported as ~$1800 for federal purposes.&nbsp; (I will not be receiving a 1099 or W-2G for these winnings - i.e., all self-reporting.)&nbsp; &nbsp;All of these are NJ-sourced income, which is my state of residency.&nbsp;&nbsp;</P><P>&nbsp;</P><P>I have gotten to $1800 by adding my winning lotto tickets to my winning sportsbook bets to my winning casino sessions (using the "sessions" method).&nbsp; I will be taking a standard deduction.&nbsp; Accordingly, I will NOT be subtracting losing lotto tickets, losing sportsbook bets or losing casinos sessions from my federally reported winnings (since not permitted for federal purposes) nor will I be taking a deduction any for losing lotto tickets, losing sports bets or losing casino sessions (since I am taking the standard deduction).</P><P>&nbsp;</P><P>However, NJ calculates taxable gambling income differently.&nbsp; &nbsp;(<A href="https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml" target="_blank">https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml</A>).&nbsp; NJ let's you "net" all lotto and gambling winnings/losses and has an exclusion for NJ lotto winnings up to $10K.&nbsp; I calculate my NJ taxable gambling winnings as ~$1200.</P><P>&nbsp;</P><P>Given that I have $1800 in federal gambling winnings but only $1200 in state gambling winnings, and the way to get there is more complicated than simply wins minus losses, how can I input this on TurboTax?</P><P>&nbsp;</P> Sat, 15 Feb 2025 19:19:35 GMT https://ttlc.intuit.com/community/state-taxes/discussion/how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485458#M171740 SSC20 2025-02-15T19:19:35Z https://ttlc.intuit.com/community/state-taxes/discussion/re-how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485511#M171747 <P>Follow these steps to enter the gambling winnings in the federal section:</P><OL><LI>go to wages and income</LI><LI>scroll down to less common income</LI><LI>locate gambling winning and start/ edit</LI><LI>Select NO w2G, continue</LI><LI>Select Yes and enter federal taxable amount</LI><LI>select correct option for other prizes, continue</LI><LI>enter the gambling loss- it will not go on your federal since you take the standard but will carry over to your state</LI></OL><P>The state nets the amount correctly and no further entries are needed.</P><P>&nbsp;</P><P><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/ca894951-5c0f-45e5-a15e-fb728eb6140a.default.png" /></P><P>&nbsp;</P><P><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/e6f8016d-0d05-42f6-8507-fc07edefdbe6.default.png" /></P><P>&nbsp;</P><P><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/e90fd1c2-1988-4530-9a18-e03e50e15a8e.default.png" /></P> Sat, 15 Feb 2025 19:36:29 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485511#M171747 AmyC 2025-02-15T19:36:29Z https://ttlc.intuit.com/community/state-taxes/discussion/re-how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485539#M171749 <P>Clever! &nbsp;Thanks.</P> Sat, 15 Feb 2025 19:42:44 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-how-do-i-report-different-gambling-winnings-for-federal-and-nj-purposes/01/3485539#M171749 SSC20 2025-02-15T19:42:44Z