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Business & farm
Yes, you can report this gambling income in TurboTax as though you received a W2G.
Additionally, you should still be able to efile your return with this income information (you will not have to file your 1042-S with your return).
To enter your gambling winnings and losses in TurboTax Online or Desktop, please follow these steps:
- Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages and Income” ("Personal Income" in TurboTax Home & Business)
- Next click on "jump to full list" or “I’ll choose what I work on”
- Scroll down the screen until to come to the section “Less Common Income”
- Choose "show more", then Gambling Winnings and follow the onscreen instructions
- Include the gross winnings under box 1 and the federal withholdings under box 4.
May 31, 2019
5:35 PM