Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
norbert642
New Member

How to report gambling winning and gambling losses?

 
1 Best answer

Accepted Solutions
Rachel_W
Level 4

How to report gambling winning and gambling losses?

To enter your Gambling Winnings and Losses, 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.

View solution in original post

1 Reply
Rachel_W
Level 4

How to report gambling winning and gambling losses?

To enter your Gambling Winnings and Losses, 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.

Dynamic AdsDynamic Ads
Privacy Settings
v