I have a 1099-MISC for fantasy sports winnings and my understanding is i can deduct fantasy dues or losses up to that amount if i itemize deductions - where to enter it?

[blacksqrrl]

I have a 1099-MISC for fantasy sports winnings but my overall net for the year is probably breaking even so my understanding is if i itemize deductions, i should be able to deduct the fantasy losses up to the amount that i won - i just can't find any place to enter that amount in turbotax

[LenaH]

Yes, you need to report your fantasy sports winnings as gambling winnings. 

To report your gambling winnings, complete the following steps in TurboTax:

1. Open your return in TurboTax.
2. Search for Other Income with the magnifying glass tool on the top of the page.
3. Select the Jump to Other Income link in the search results.
4. Select No to the question Did you get a 1099-MISC?
5. Scroll down to Gambling Winnings under Less Common Income.
6. Click Start next to Gambling Winnings. 
7. Choose Yes to the question Did you win money or prizes from gambling or lotteries during 2021?
8. Choose I did not receive a W-2G.
9. Follow the on-screen instructions to enter your data. 
10. After you enter your gambling or lottery winnings that weren't reported on W-2G, you can enter your Gambling Losses on the next screen. 

You can deduct gambling losses up to the amount of your gambling winnings if you itemize your deductions on Schedule A. For more information, please see Can You Claim Gambling Losses on Your Taxes?