How do I offset gambling win with loss

[frank-deb]

where do I enter gabling losses

[SweetieJean]

Gambling losses can only be deducted up to the amount of the gambling winnings. Gambling Winnings are reported on Form 1040 Schedule 1 on Line 8 as Other Income.  Gambling Losses are reported on Form 1040 Schedule A as a Miscellaneous itemized deduction.  Gambling losses are not a one-for-one reduction in winnings.  Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

To enter, edit or delete Gambling Winnings and Losses -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Scroll down to Less Common Income
• On Gambling Winnings, click the start or update button

Or enter gambling winnings on w-2g in the Search box in the upper right of the program screen. Click on Jump to gambling winnings on w-2g

[SweetieJean]

Also be aware that a few states do not allow a deduction for losses, but still tax winnings.