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We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

How do I offset the losses after I input the 1099-Misc information?  I did not receive a W2G form and therefore the answer that I received does not help me get to the Gambling Losses Screen?
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LeeM
New Member

We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

You can enter those gambling losses separately from your winnings after you enter those gambling winnings on the subsequent screens.

After you fill out the W2G screen for the winnings you have to go though several other screens to get to the loss screen by following the steps below:
  1. When you get the W2G Summary Screen, if you don't have any more W2G to add then hit DONE. 
  2. On the next Any Other Gambling Winnings? Screen - Select No
  3. Then you get to the Gambling Losses Screen to offset that 1099-MISC income.

For more information on the deductibility of gambling losses, you can review the FAQ below:

https://ttlc.intuit.com/replies/3301128


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4 Replies
LeeM
New Member

We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

You can enter those gambling losses separately from your winnings after you enter those gambling winnings on the subsequent screens.

After you fill out the W2G screen for the winnings you have to go though several other screens to get to the loss screen by following the steps below:
  1. When you get the W2G Summary Screen, if you don't have any more W2G to add then hit DONE. 
  2. On the next Any Other Gambling Winnings? Screen - Select No
  3. Then you get to the Gambling Losses Screen to offset that 1099-MISC income.

For more information on the deductibility of gambling losses, you can review the FAQ below:

https://ttlc.intuit.com/replies/3301128


We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

This doesn't help me because I did not receive a W2G and so I cannot get to the gambling loss screen?
LeeM
New Member

We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

When you follow the directions above (type W2G and hit done). Jump to that screen and then select SKIP W-2G. On the next screen select Yes and then enter the amount from your 1099 and hit continue. The next screen will allow you to enter your gambling losses.

We received 1099-Misc from a casino but our win/loss statement shows that we lost more than what was listed on the 1099-Misc.

Lee, why wouldn't the OP say 'Yes' to Any Other Gambling Winnings? Screen - and then enter the amount of the1099 in 'other gambling'?   That way OP can get to the gambling deductions,  yes?

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