topic Yes, you can combine your 72 Form W-2G forms to report th... in Get your taxes done using TurboTax

Do I have to enter 72 different W2-G.? Also how do I enter my Win/ Loss Statement?

bingo4856787r — Mon, 03 Jun 2019 17:15:29 GMT

Yes, you can combine your 72 Form W-2G forms to report th...

CapB — Mon, 03 Jun 2019 17:15:31 GMT

Yes, you can combine your 72 Form W-2G forms to report them in TurboTax. However, it is recommended that you:

Only combine W-2G's from the same casino (so the Casino's EIN matches).
Also, have a spreadsheet for documentation (if requested by the IRS) of calculation totals.

Your win/loss statement does not get entered into TurboTax. Add your winnings from Form W-2g and if you itemize

To add Form W-2G (gambling winnings)

To add a W-2g

1. Sign In or Open TurboTax.

2. Select "Take me to my return"

3. Select "Search" or "Help" icon.

4. Type "W-2g" and select "Jump to W-2g"

5. Answer "Yes" on the Gambling Winnings screen and follow the instructions to enter your W-2g.

6. Add your gambling Losses on the "Let us know if you had any gambling losses in 2017" screen.

The IRS limits gambling losses up to the extent of gambling winnings included on your tax return. Gambling losses become a tax deduction if you used itemized versus standard deductions. See FAQ below for more on claiming gambling losses and record keeping.

Click here to learn more about deducting gambling losses.

Is it OK when combining from the same casino, that the ca...

jkc8124 — Mon, 03 Jun 2019 17:15:34 GMT

Is it OK when combining from the same casino, that the cashier (box 😎 is different on the forms?

Re: Do I have to enter 72 different W2-G.?Also how do I enter my Win/ LossStatement?

FMCole — Wed, 12 Jan 2022 00:38:48 GMT

I just want to confirm I have this information correct.

Example if I have 68 W2-G from the Peppermill Casino and they total 65,500.00 I can enter it as one (1) W-2G for the full amount?

Re: Do I have to enter 72 different W2-G.?Also how do I enter my Win/ LossStatement?

Critter-3 — Wed, 12 Jan 2022 00:50:55 GMT

Yes please do and save yourself a lot of unneeded entering.

Re: Do I have to enter 72 different W2-G.?Also how do I enter my Win/ LossStatement?

FMCole — Wed, 12 Jan 2022 02:00:00 GMT

I understand that I can enter as a combined W2-G as long as they are from the same Casino. What would I enter as the winning date and casher?

Re: Do I have to enter 72 different W2-G.? Also how do I enter my Win/ Loss Statement?

Vanessa A — Wed, 12 Jan 2022 15:05:54 GMT

Leave the date and cashier blank.

Re: Do I have to enter 72 different W2-G.? Also how do I enter my Win/ Loss Statement?

Carl — Wed, 12 Jan 2022 15:16:18 GMT

So long as the EIN of the payor is the same on all W-2G's, you can combine them and make a single entry.

Re: Do I have to enter 72 different W2-G.? Also how do I enter my Win/ Loss Statement?

Critter-3 — Wed, 12 Jan 2022 15:34:20 GMT

Understand this ... the IRS only gets the total of the winnings on the tax return. All those entries in the program is for your use only and are not sent with the return at all. The program just acts like a calculator adding up all those amounts. You can skip the W-G entries all together and simply enter the total if you wish. The IRS will match your total with the forms they get from the issuer.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

jim o — Tue, 08 Feb 2022 19:27:18 GMT

Don't combine by EIN! I did this in 2019, and the IRS just reached out and rejected it. I sent a response and showed exactly what I did, and they still rejected it. My only recourse was to amend my return and enter every w2g separately. I recently did this and am waiting on their response.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

Critter-3 — Tue, 08 Feb 2022 19:44:18 GMT

30 years in the business and I have yet to enter one single W-2G form in any tax program ... simply put the total winnings on the appropriate line with zero IRS issues.

Now if you have any withholdings on any of the forms, to get that in the program you will either need to make one W-2g entry OR put that in the other tax situations section next to the estimated payments.

Re: Do I have to enter 72 different W2-G.?Also how do I enter my Win/ LossStatement?

Bermie71 — Wed, 20 Jul 2022 20:51:03 GMT

Same here, tried to find an easier way to input the hundreds of W2-G’s and now are under an audit for 2019.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

Matthew828 — Wed, 12 Apr 2023 18:08:37 GMT

I just spoke to a Turbo Tax expert and she told me that you can only combine them if the EIN, date, cashier, and window number are the same. Is this true?

Re: Yes, you can combine your 72 Form W-2G forms to report th...

Critter-3 — Wed, 12 Apr 2023 18:23:11 GMT

NOT true ... only need the EIN to be the same.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

CatinaT1 — Wed, 12 Apr 2023 18:28:57 GMT

That is correct. You cannot combine them if they have different Federal EIN numbers or different state EIN numbers. The IRS get's copies of these too, so everything needs to match what they received.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

Matthew828 — Wed, 12 Apr 2023 18:30:20 GMT

Right, the EINs are the same, my question was regarding the date, window, cashier, etc.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

Matthew828 — Wed, 12 Apr 2023 21:58:29 GMT

So am I correct in interpreting that your answer is also that only the EINs have to match and not all of those other variables? I just don’t want to get red flagged for taking a shortcut.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

LindaS5247 — Thu, 13 Apr 2023 01:49:55 GMT

If the EIN's are the same, you can add them together. Keep everything together with your 2022 tax records.

Re: Yes, you can combine your 72 Form W-2G forms to report th...

northjerseydevil — Sun, 16 Apr 2023 18:48:22 GMT

So I had 9 W2Gs and I added up my winnings and put that total into the box.

My "winnings" end up being around 20,000, but when I pull up my win/loss statement it shows (these are estimated numbers, not exact)

Cash

- 62000

Results

66000

Win/Loss

3300

I sure as hell didn't gamble 62k of my own money, so do what do I put as my losses in TT? I'm also confused about that 20000 number from the W2Gs. Did I do something wrong?

Re: Yes, you can combine your 72 Form W-2G forms to report th...

MonikaK1 — Mon, 17 Apr 2023 16:45:06 GMT

It depends.

A Win/Loss statement estimates what an individual customer won or lost throughout a calendar year based on player monitoring data. The Win/Loss (Tax) Statement you will receive is only an unconfirmed estimate of your slot and table game win/loss that you may compare to your own records and is not a replacement for the records needed by relevant State and Federal tax regulations. Winnings from gambling are completely taxable, and you must disclose them on your tax return. This article from a CPA site has some good information.

Track your winnings by keeping accurate logs and receipts, such as:

Entry tickets and fees
Wager statements
Payment slips

Such receipts also come in handy if you itemize tax deductions and can deduct your gambling losses. You can deduct gambling losses only up to the extent of gambling winnings, and the losses can't exceed the winnings. For example, if you wagered $5,000 and won $2,000, you can only deduct $2,000 in losses.

See this tax tips article for more information.