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New Member
posted Mar 26, 2025 4:21:54 PM

I am trying to finish up taxes but can't find the W-2G on the income section. Do I have to itemize to get access to the W-2G?

There is no W-2G listed in the income section as there are the 1099s etc.

0 2 599
2 Replies
Level 15
Mar 26, 2025 4:27:40 PM

Gambling

To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

 

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

 

Gambling winnings are taxable income.  Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.

https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/

 

 

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY    $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

 

Expert Alumni
Mar 26, 2025 4:29:00 PM

Do you have a W-2G to enter?  You have to itemize in order to deduct gambling losses, but not to report the income.  You enter your gambling losses on the screen after you enter the W-2G.   Where do I enter gambling winnings and losses?   If you already entered a W-2G and need to enter your losses or edit the entry, you can find it in the Less Common Income section.