Search Help Topics:

You may or may not receive Form W-2G Certain Gambling Winnings, but you can report all gambling winnings in the same place in the TaxAct program. Gambling winnings are reported as Other Income on Schedule 1 (Form 1040) Additional Income and Adjustments to Income, Line 8. If you are able to itemize your deductions, gambling losses can be reported on Schedule A (Form 1040) Itemized Deductions (gambling winnings are not directly offset by gambling losses in your tax return, and losses can only deduct up to the amount of your gambling winnings).

To report gambling winnings in the TaxAct® program:

  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Other Income dropdown, then click Gambling winnings, and continue with the interview process to enter your information.
  3. If you have more than one Form W-2G to report, continue with the interview process until you reach the screen titled Gambling Winnings - W-2G - Summary.  Click + Add Form W-2G to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).

To report gambling losses in the TaxAct® program:

  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Itemized or Standard Deductions dropdown, then click Gambling expenses.
  3. On the screen titled Did you have any gambling losses?, click the data entry field below Gambling losses, and type the amount.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.


Was this helpful to you?