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lh66
New Member

How do i get past upgrade on gambling winnings? i lost more then i won so it will be even and i don't think i should have to pay extra for that.

how do i get past upgrade on gambling winnings? i lost more then i won so it will be even and i don't think i should have to pay extra for that.
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2 Replies

How do i get past upgrade on gambling winnings? i lost more then i won so it will be even and i don't think i should have to pay extra for that.

The Free edition does not support entry of gambling income on Schedule 1 or the entry of gambling losses on Schedule A.  You need to upgrade to the Deluxe edition to report gambling income and losses.

Gambling losses can only be deducted up to the amount of the gambling winnings.  Gambling winnings are reported on Form 1040 Schedule 1 on Line 21 as Other Income.  Gambling Losses are reported on Form 1040 Schedule A as a Miscellaneous itemized deduction.  Gambling losses are not a one-for-one reduction in winnings.  Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

To enter, edit or delete Gambling Winnings and Losses -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Gambling Winnings, click the start or update button

Or enter gambling winnings on w-2g in the Search box in the upper right of the program screen.  Click on Jump to gambling winnings on w-2g

Anita01
New Member

How do i get past upgrade on gambling winnings? i lost more then i won so it will be even and i don't think i should have to pay extra for that.

You may not be even.  Gambling losses are only deductible if you itemize your deductions, which you can't be doing in t the Free edition.  You will need to enter your winnings and , most likely, pay tax on them.  

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