Need hep with "gamblimg loss" entry

[JohnB5677]

Gambling losses are indeed tax deductible, but only to the extent of your winnings. This requires you to report all the money you win as taxable income on your return. However, the deduction for your losses is only available if you itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.

You will report your gambling losses after posting your winnings.

1. In INCOME
2. Scroll down to Less Common Income
3. Select Gambling Winnings
4. After entering your winning click DONE 
5. You can enter your losses here.