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If your winnings are more than $600, then normally you will receive an information statement (Form W-2G or Form 1099-MISC). If your winnings were less than $600, then you may not receive an information statement, but the amount is still a reportable and taxable event to the federal government and the state of Massachusetts.
The Form 1099-MISC is used to report prizes that do not consist of wagers. The Form W-2G is used to report gambling and lottery winnings.
If you have received a Form 1099-MISC with an entry in Box 3, do this will in your return:
If you have not received a Form 1099-MISC Box 3, then you should do the following
If you have and/or have not received a Form W-2G do the following:
Either input method that is utilized in TurboTax will populate your Massachusetts return.
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