Where in the software do I enter my gambling losses?

kaygee6334
kaygee6334 Member Posts: 3 Newcomer
edited December 2024 in Credits/Deductions

I plan to itemize this year because I have about $17K in gambling wins. I've also lost quite a bit and plan to offset the wins with losses. I know how to enter the wins in the software, however, where to I enter the losses?

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  • GerhardtQ
    GerhardtQ FreeTaxUSA Agent Posts: 20
    Answer ✓

    You'll enter your gambling losses under 'Deductions/Credits' > 'Other Itemized Deductions'.

    Please note that the option to deduct your gambling losses will only appear on that screen after you've entered your gambling winnings under 'Income' > 'Gambling Income (W-2G)'.

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