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9runn1
New Member

Can i claim casino wins/loses

if so, how?
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JohnW15
Intuit Alumni

Can i claim casino wins/loses

Yes -- in fact, you're required by law to report any winnings.

You have two options to enter gambling winnings.

The quickest way is to type "gambling winnings on w-2g" in the search box in the upper right of the TurboTax screen, then click on "Jump to gambling winnings on w-2g."

Alternatively, you can:

  •     Click on Federal Taxes
  •     Click on Wages and Income
  •     Click on I'll choose what I work on (if shown)
  •     Scroll down to Less Common Income
  •     On Gambling Winnings, click the start or update button

You'll enter your winnings, and then keep clicking through the interview to enter gambling losses.

Bear in mind that losses can only be claimed as an itemized deduction, and if you don't have enough itemized deductions to exceed your standard deduction, your losses will have no tax impact for you. 


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