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Where do you put your gambling losses

where do you put your gambling losses on turbo
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2 Replies
MayaD
Expert Alumni

Where do you put your gambling losses

Gambling losses are tax deductible, but only to the extent of your winnings and if you itemize your deductions.

After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had.

To report your W2G:

  1. Open or continue your return in TurboTax, if you aren't already in it. 
  2. Go to Wages and Income.
  3. Search for W2G (don't include any hyphens) and select the Jump to link in the search results.
  4. Answer Yes on the Did you win money or other prizes in 2023? screen and follow the instructions to enter your W-2G.
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Where do you put your gambling losses

Just as a note. there will be no tax benefit from gambling losses unless you itemize your deductions. 

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