I had gambling wins in another state, but lost more than I won. Am I required to report the gross wins, or only the net (after losses) as income?

[normcrider1]

I am not a resident of the state where I had gambling wins, and I lost more than I won. Do I still need to file a return for that state?

[MinhT1]

Form W-2G is used to report gambling winnings and Federal income tax withheld on those winnings.

Whether or not you received such form, you need to enter report your gross winnings on your return.

Please follow the instructions in this TurboTax Help article on how to enter a form W-2G.

You'll need to file a nonresident tax return for the state where you had your gambling winnings.

Gambling losses do not reduce your gambling winnings dollar for dollar. Gambling winnings are added to your taxable income while gambling losses (limited to the amount of your gambling winnings) can only be claimed as an itemized deduction on Schedule A.

If the total of your itemized deductions including the gambling losses do not exceed your standard deduction (or will only increase your itemized deductions by an amount less than the losses themselves), then you do not have the full benefit of the losses on your tax.

For tax year 2024, standard deductions are:

• $29,200 for married couples whose filing status is “married filing jointly” and surviving spouses;
• $14,600 for singles and married couples whose filing status is “married filing separately”; and
• $21,900 for taxpayers whose filing status is “head of household.”

The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:

• $1,550 for married individuals; and
• $1,950 for singles and heads of household.

For more information, please read this TurboTax article.