What do I enter for Gambling Income on the Other Sources of Income screen?
Enter gambling income that was not reported to you on a W-2G. This includes winnings from lotteries, raffles, and payments from the right to receive future lottery payments. It includes cash winnings and the fair market value of prizes such as cars and trips. These would involve a wager meaning you could lose money you used to place a bet.
If you won a prize not involving a wager enter that as a Miscellaneous Income at the bottom of the Other Sources of Income screen. This includes cash winnings and the fair market value of prizes such as cars and trips.
Don't include any gambling income from gambling as a business. If you're a professional gambler you would report professional gambling winnings, related gambling losses, and business expenses on Schedule C. Starting in 2026, gambling losses and business expenses for professional gamblers will be limited to 90%.
If you won a prize not involving a wager enter that as a Miscellaneous Income at the bottom of the Other Sources of Income screen. This includes cash winnings and the fair market value of prizes such as cars and trips.
Don't include any gambling income from gambling as a business. If you're a professional gambler you would report professional gambling winnings, related gambling losses, and business expenses on Schedule C. Starting in 2026, gambling losses and business expenses for professional gamblers will be limited to 90%.
