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mikemelak
New Member

How do i enter my win/loss statement from gambling. form w-2g

 
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3 Replies
HollyP
Employee Tax Expert

How do i enter my win/loss statement from gambling. form w-2g

  1. Sign in to TurboTax Online, then click Continue your return, then pick up where I left off (if you are using TurboTax CD/ Download, then just open your return on your computer).
  2. Click search (near the top right of the screen) and type gambling winnings on w-2g then click the Enter key.
  3. Select Jump to gambling winnings on w-2g to edit your answers.
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mikemelak
New Member

How do i enter my win/loss statement from gambling. form w-2g

Why is it not letting me enter my full losses? It keeps saying it has to be less than my winnings but i have lost a lot more. 

HollyP
Employee Tax Expert

How do i enter my win/loss statement from gambling. form w-2g

Yes, because the amount of losses you can deduct may not be more than the amount of gambling income reported on your return. See IRS Tax Topic 419, Gambling Losses for more info. <a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc419.html">https://www.irs.gov/taxtopics/tc419.html</a>
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