I am looking for the entry on schedule A to enter losses from Gambling. I don't see it.
You'll need to sign in or create an account to connect with an expert.
Gambling
To enter the W-2G or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings
You can enter your winnings, and then keep clicking through the interview to enter gambling losses.
https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses
Gambling winnings are taxable income. Losses are an itemized deduction. If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.
https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/
https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses
2022 STANDARD DEDUCTION AMOUNTS
SINGLE $12,950 (65 or older + $1750)
MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)
MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)
HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)
Legally Blind + $1750
Thanks, however I have entered my winnings. I chose Itemized deductions but I don't where to enter Gambling losses.
In prior years, under Other Deductions and Credits, there was a line item for losses. I don't see it.
@KGB3 After you enter your winnings you have to keep going through the screens to enter losses. Again----if you do not have enough itemized deductions to exceed your standard deduction the losses have NO effect.
Thanks, the return asked me this time when I entered it.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
chris-mcnew27-ta
New Member
000payne
New Member
3cb788b21812
New Member
Kristina260
New Member
upickanemail
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.