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wehowes1
New Member

I included a W-2G form that had a winning amount that I paid the fed and state taxes. Where do I report the losses?

Where can I deduct the losses up to the winning amount on the W-2G form?
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Accepted Solutions
jerry2000
Alumni

I included a W-2G form that had a winning amount that I paid the fed and state taxes. Where do I report the losses?

That data entry comes in the interview a page or two after you enter the winnings. Otherwise, type Gambling Losses  into the search box, click Find, then click Go. The losses are an itemized deduction only, they do not offset winnings one for one.

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1 Reply
jerry2000
Alumni

I included a W-2G form that had a winning amount that I paid the fed and state taxes. Where do I report the losses?

That data entry comes in the interview a page or two after you enter the winnings. Otherwise, type Gambling Losses  into the search box, click Find, then click Go. The losses are an itemized deduction only, they do not offset winnings one for one.
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