You'll need to sign in or create an account to connect with an expert.
Your W-2G does not show your gambling losses. If the winnings are from a casino, you may be able to request a win/loss statement from them.
The IRS requires you to keep a diary of your winnings and losses as a prerequisite to deducting losses from your winnings.
Related information:
I entered a W2-G and my losses were same (actually greater) than the winnings....It didn't give me back the deduction.... WHY??
@vince5585, please read HelenC12's answer above. Note especially the link for "Can You Claim Gambling Losses on Your Taxes?"
When you are ready to enter your gambling losses (assuming you kept track of them), please do the following:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lynnlovebug67026
New Member
Max957
Returning Member
sshensley
New Member
dbkhanh
New Member
TheBeaz
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.