- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
A follow up question. I was on vacation in Oregon and won a few thousand on the DraftKings Sportsbook app. Their state reporting is way different than other states, as I’ve never gotten sent this with Sportsbook winnings in the past (I have gotten similar forms for daily fantasy winnings, as those are classified differently).
A few weeks after I got home, I received in the mail 6 W2Gs with each individual bet. The dumb part is it’s including the wagered amount in the “won” amount, so it’s inflating the total number. I’ve since been able to get a single w2g form through DraftKings that aggregates it all in Oregon. When I enter that form it drops my refund down over $4k. Then when it asks me about my losses, I enter in the entire amount it lets me (as I lost well this amount in my home state) and it only gives me $1300 back.
I am now considering getting someone to do my taxes, as the TurboTax software isn’t able to remedy this. It seems like my total gambling federal tax liability should be $0, since I lost overall. Any suggestions?