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gambling losses

where do i put gambling losses on schedule A form in turbo tax?

I have entered the W-2G form for the winnings and answered the losses in the box at the very end once past the w-2g form.  I don't see this being entered on schedule A anywhere

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AnnetteB6
Employee Tax Expert

gambling losses

If your gambling losses along with your other itemized deductions do not exceed your standard deduction, then you will not see any tax benefit from claiming the gambling losses.  

 

You can use the instructions in the following TurboTax article to check whether you are claiming the standard deduction or itemized deductions.  If you are using itemized deductions, the gambling losses will be shown in the 'Other Itemized Deductions' category or on line 16 of Schedule A.

 

 How do I change from the standard deduction to itemized or vice versa?

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5 Replies
AnnetteB6
Employee Tax Expert

gambling losses

If your gambling losses along with your other itemized deductions do not exceed your standard deduction, then you will not see any tax benefit from claiming the gambling losses.  

 

You can use the instructions in the following TurboTax article to check whether you are claiming the standard deduction or itemized deductions.  If you are using itemized deductions, the gambling losses will be shown in the 'Other Itemized Deductions' category or on line 16 of Schedule A.

 

 How do I change from the standard deduction to itemized or vice versa?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

gambling losses

Where do i enter gambling losses

JohnB5677
Employee Tax Expert

gambling losses

When you go through the interview for the W-2G please continue to the end.  There is an entry screen for gambling losses.

  • Gambling winnings are posted to line 8 of Schedule 1.  They are also included on line 8 of your 1040
  • Gambling losses are on line 16 of Schedule A
  • NOTE: Gambling losses can not exceed Gambling winnings.
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gambling losses

do you have to itemize deductions to offset gambling losses 

gambling losses

Yes, for Federal. But state may be different.

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