Where, if possible, can I enter a deduction for lottery ticket purchases?

[DoninGA · Accepted solution]

You can only enter gambling winnings and gambling losses up to the amount of your winnings.

Gambling losses can only be deducted up to the amount of the gambling winnings.
Gambling winnings are reported on Form 1040 Schedule 1 on Line 8 as Other Income. The amount from Part I of Schedule 1 Line 10 flows to Form 1040 Line 8.
Gambling Losses are reported on Form 1040 Schedule A as a Other Itemized Deductions. Gambling losses are not a one-for-one reduction in winnings. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

To enter, edit or delete Gambling Winnings and Losses -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Prizes, Awards, and Gambling Winnings, click the start or update button

Or enter w2g in the Search box in the upper right of the program screen. Click on Jump to w2g

[robtm]

You can only deduct gambling losses only to the extent that they are not more than your gambling winnings (if any). and your itemized deductions exceed the amount of your standard deduction.

[wendiharvey]

thank you so much.  that was exactly what i needed.

[wendiharvey]

thank you very much.  this was very helpful.