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Are gambling winnings on income as 1099 misc?

1 Reply
Intuit Alumni

Are gambling winnings on income as 1099 misc?

Normally gambling winnings are reported on form W-2G.  However you need to report your gambling or prize winnings as income in TurboTax (even if you didn't receive a W-2G) by following these steps:

  1. Click on Federal Taxes > Wages & Income  [If you're in TT Self-EmployedPersonal > Personal Income ]
  2. In the Less Common Income section , click on the Start/Update box next to gambling winnings.  [See Screenshot #1, below.]
  3. On the Gambling Winnings screen, click the Yes box.
  4. On the screen, Tell Us About Your Winnings, click the Skip W2-G box if Form W2g is not issued.  [Screenshot #2] 
  5. On the next screen, Any Other Gambling Winnings, click the Yes box.  [Screenshot #3]
  6. You will be able to enter your winnings in the Other Gambling Winnings screen.  [Screenshot #4]
  7. Since gambling losses can be deducted as an itemized deduction up to the total of reported gambling and prize winnings, enter your losses (if any) on the next screen, Gambling Losses[Screenshot #5]

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