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Business & farm
@dhuber24 wrote:
I want TurboTax to create a function that allows me to attach documentation of my session logs,
and also have the ability to declare in my return that I am reporting gambling activity using the session method.
The IRS does not look at any attached supporting documentation for anything. Just keep it in case the IRS asks about it.
The IRS does not provide a direct mechanism to do that. However, because your Session wins are less than your W-2Gs, there is a work around. You can report your W-2Gs, so the IRS sees that. Then you should be able to enter "Other Income" (it shows up on line 8z of Schedule 1) as a negative number and call it something like "Gambling Session Adjustment" so the combination of the W-2Gs and the negative "Other Income" totals the proper amount of Session winnings.