.Yes, every dollar you win is a taxable event for your federal tax return and possibly your state return.
Enter the gambling winnings using the steps below.
- Sign into your TurboTax Online/Mobile or TurboTax Desktop account
- Select Tax Home (on the left) > Income & Expenses > Less Common Income > Gambling Winnings > Start
- TurboTax Desktop start with Income > Less Common Income > Gambling Winnings
- Follow the screen prompts based on your situation (reporting document or none)
- Be prepared with your gambling losses as well but they may or may not affect your tax return. If you itemize deductions it could help.

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