The National Directory of Certified Public Accountants

Ask A CPA - Gambling Winnings & Losses

Where Do I Report The Lottery Winnings I Won During The Year On My Tax Return ? I Received A 1099-G

Lottery winnings, prizes and awards are taxable income and reported as "other income" on line 21 of the 1040 form. Do not forget to deduct your gambling losses on Schedule A, which are only deductible to the extent of your winnings.

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