turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I enter my gambling losses

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Phillip1
New Member

How do I enter my gambling losses

In TurboTax, the gambling winnings and losses are entered in the same area. See the following instructions:

  1. Go to the Federal Taxes category in your TurboTax account.
  2. Go to the Wages and Income subcategory.
  3. Find the section labeled "Less Common Income" in the main income list that is labeled "Your Income".
  4. Click start or update on the line labeled "Gambling Winnings".
  5. If you haven't entered all of your W-2Gs yet, enter them on the screen labeled Form W-2G summary. Otherwise click done on this screen.
  6. Click no on the question about other winnings not reported on W-2G.
  7. Enter your gambling losses on the subsequent screen labeled Gambling Losses. This screen will input the deduction of Schedule A.
  8. Keep in mind that gambling losses are also limited to the total of your gambling winnings income.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question