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anncox53
New Member

Have gambling winnings of 13,171 claimed equal loss. paid fed tax of 2728,

 
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Rachel_W
Expert Alumni

Have gambling winnings of 13,171 claimed equal loss. paid fed tax of 2728,

To enter your W2G from Gambling Winnings, please follow these instructions: 

  • Sign In to TurboTax Online
  • Click "Take Me to my Return"
  • Click "Federal" from the left side of your screen
  • Scroll down to "Less Common Income" and click "Show More"
  • Click "Start" to the right of "Gambling Winnings" and click "Yes"
  • From here TurboTax will walk you through entering your Gambling Winnings, with or without a Form W2G
  • As you walk through this section, you will also be asked about your Gambling Losses

If you itemize your deductions on Schedule A, you can take a deduction for your gambling losses up to the amount of your winnings.  For more information, check out this TurboTax article: Deducting Gambling Losses.

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