w-2G still shows as income on itemized return after deducting it. anyone know why?

[VolvoGirl]

You mean after entering your losses to deduct?  

You can't deduct losses directly from the winnings.  The winnings still show up as income.  You can only deduct gambling losses up to the amount of your winnings if you itemize deductions on Schedule A.  Gambling losses go on schedule A line 28 and are not subject to the 2% threshold.

Gambling Losses are an itemized deduction and you need to itemize on schedule A to use them.  So if your Standard Deduction is more they won't be used.  And since the Standard Deduction has increased a lot more people will be taking the Standard Deduction.

Can I Deduct gambling losses?

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-gambling-losses/00/258...

[mcrow25115]

near the end of doing my taxes on turbo tax, turbo tax said it was using itemizing because I would be  better off, but the total of the winnings is still on the total of the income on the breakdown at the end. I have used it in the past and it always took off the winnings after entering the loses 

[Critter]

AGAIN ...  the gambling losses will NOT negate the gambling winnings directly nor will it remove them from the income section of the return.  The losses are an itemized deduction and will reduce your taxable income at that point on the form.   If you have SS benefits the winnings will increase the taxable portion of the SS benefits  BEFORE the losses on the Sch A comes into play ... this is described as a cruel joke on the retirees who win at the casinos.  

[VolvoGirl]

I would double check your prior year returns and see if the winnings did show up or not on the actual 1040.  

2018 schedule 1 line 21

For 2017 and prior check 1040 line 21 Other Income