gambling winnings

Rodney Keen · ‎March 4, 2025

Why do I need to upgrade TurboTax in order to report gambling winnings?

xmasbaby0 · ‎March 4, 2025

Gambling income goes to Schedule 1 which is not supported by the Free Edition. If you have gambling income you need to upgrade to a paid version of the software. Only very simple returns that do not require the use of Schedules 1, 2 or 3 can be prepared with the Free Edition.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

ThomasM125 · ‎March 4, 2025

You can deduct gambling losses from gambling winnings, but they are reported on a Schedule A, itemized deductions, so you have to upgrade primarily to allow you to prepare the Schedule A. Also, the winnings are listed on a Schedule 1, which is another form and another reason you have to upgrade.

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gambling winnings