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
You'll need to sign in or create an account to connect with an expert.
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?
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?
Where do i enter 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.
do you have to itemize deductions to offset gambling losses
Yes, for Federal. But state may be different.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rpstrzyzewski
New Member
Jadriene
New Member
mommyring07
New Member
bobeeubanks
Level 1
Grafskates
Level 1