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If I won 8 online lottery winnings with each less than $200. Do I need to put on my Federal taxes?

I am confused. I'm not sure if it's each winning over $600 or total for year over $600.
 
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1 Reply
DianeW777
Expert Alumni

If I won 8 online lottery winnings with each less than $200. Do I need to put on my Federal taxes?

Yes, every dollar you win is a taxable event for your federal tax return and possibly your state return.

Enter the gambling winnings using the steps below.

  1. Sign into your TurboTax account
  2. Select Federal tab (on the left) > Wages & Income > Less Common Income > Gambling Winnings > Start
  3. Follow the screen prompts based on your situation (reporting document or none)
  4. Be prepared with your gambling losses as well but they may or may not affect your tax return.  If you itemize deductions it could help.

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