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carlosrk
New Member

gambling wins and losses

which version of turbo tax do I use to claim gambling wins and losses.

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DianeW777
Employee Tax Expert

gambling wins and losses

You can use TurboTax Desktop any version or TurboTax Online/Mobile Deluxe

 

Any gambling winnings is taxable income for federal purposes regardless of where the money came from. Keep in mind the losses will only be used if you are able to itemize deductions. TurboTax will put the losses in your itemized deductions.

Enter the gambling winnings using the steps below.

  1. Sign into your TurboTax account
  2. Select Tax Home (on the left) > Wages & Income > Less Common Income > Gambling Winnings > Start
  3. Follow the screen prompts based on your situation (reporting document or none)
  4. Be prepared with your gambling losses as well
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