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How to claim gambling losses on turbotax

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A wall of text can look intimidating and many won't read it, so break it up. Break information down into a numbered or bulleted list and highlight the most important details in bold. Here are five guidelines: Gambling losses are not a one-for-one reduction in winnings. After you register or sign in, we'll return you to this page so you can continue your participation in the community.

If you itemize instead of taking the standard deduction, you can deduct gambling losses up to the amount of your winnings. For example, if. You can't put in gambling losses unless you first put in gambling winnings. You put your gambling winnings at Federal Wages & Income Less. If you received a Form W-2G, you can follow the steps here below to get to that portion of the interview for entering the gambling winnings/losses. You will need.

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