Where do I indicate lottery losses to offset winnings

[antoinettegillis]

How many years of lottery losses can be used to offset winning?

[xmasbaby0 · Accepted solution]

You cannot use "years" of lottery losses to offset your 2017 winnings.  You can only enter winnings and losses from 2017 on your 2017 tax return.

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.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction.  Losses do not offset winnings dollar for dollar.

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses