When Entering W2G its not letting me enter Gambling loss

[psgunjan]

In Turbo Tax Premium 2024, it's not asking me how much I have in gambling losses and treating  winning as a full federal tax income

[mesquitebean]

Are you entering the W-2G in the appropriate part of the interview for gambling income/loss?  You should be in the Less Common Income section, and the subtopic "Gambling Winnings."

Here are the screens you should encounter in that section:

• "Did you win money or other prizes in 2024?"
• If yes, the next screen is "Did you receive a W-2G?"
• If yes, the next screen is "Let's get the details from your W-2G."
• After you enter the data from the W-2G, the next screen "may" say "Let's confirm the winner's address on your W-2G", or it may go directly to a screen "Review your W-2G info" where you can also add another W-2G, if needed.
• When you click DONE there, the next screen is "Let's check for winnings not reported on a W-2G."
• If "yes", then answer the additional boxes that appear appropriately. If that is "no", then the next screen is "Let us know if you had any gambling losses in 2024."
• Continue the rest of that interview.

[xmasbaby0]

@psgunjan Your gambling losses may have no effect at all on your refund or tax due.   Do you have enough itemized deductions such as mortgage interest, property tax, medical expenses, charity donations, etc. to exceed your standard deduction?   If not, your gambling losses have no effect.   But your winnings are taxable income.

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/

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY    $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)