Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 12:44:19 PM

Do I need include gambling loss reports with return

0 1 336
1 Best answer
New Member
Jun 3, 2019 12:44:21 PM

You don't need to send in the gambling loss reports, but hold on to them.

Gambling losses are only deductible as an offset to gambling winnings, i.e. net gambling losses will never reduce your total taxable income.

Gambling losses are entered at the end of the Gambling winnings section:

Federal Taxes > Wages & Income > Less Common Income > Gambling Winnings

1 Replies
New Member
Jun 3, 2019 12:44:21 PM

You don't need to send in the gambling loss reports, but hold on to them.

Gambling losses are only deductible as an offset to gambling winnings, i.e. net gambling losses will never reduce your total taxable income.

Gambling losses are entered at the end of the Gambling winnings section:

Federal Taxes > Wages & Income > Less Common Income > Gambling Winnings