topic I have gambling income but was issued the wrong form 1042S instead of W-G2 and the casino withheld taxes. How do I report the winnings and withholdings? in Get your taxes done using TurboTax

I have gambling income but was issued the wrong form 1042S instead of W-G2 and the casino withheld taxes. How do I report the winnings and withholdings?

ortizroberto1119 — Mon, 03 Feb 2020 08:00:11 GMT

Re: I have gambling income but was issued the wrong form 1042S instead of W-G2 and the casino wit...

ColeenD3 — Mon, 03 Feb 2020 17:30:38 GMT

While TurboTax does not support this form, you could enter the winnings under "Other Income". I would advise you to mail the return and attach Form 1042-S sot the IRS can match up the figures.

Select Federal Taxes, Wages & Income, I'll Choose What to Work On
Scroll to Less Common Income, and select Miscellaneous Income, 1099-A, 1099-C
Select Other Income not already reported on For W-2 or for 1099

To enter the withholding:

You'll find the link to Withholding not already entered on a W-2 or 1099 under Federal Taxes > Deductions & Credits > Estimates and Other Taxes Paid. (Click the first screenshot below to enlarge it for reference.)

To enter local income tax not already entered on your W-2 or 1099:

Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in, click Take me to my return, then click Pick up where I left off.)
Click My Account (top right of your screen).
Select Tools.
In the pop-up window, select Topic Search.
In the search bar, type estimated.
In the results box, highlight estimated tax paid, then click GO.
You'll land on the Estimates and Other Income Taxes page.
Scroll down to Other Income Taxes Paid in 2019 and click Start next to Withholding not already entered on a W-2 or 1099. (Click the second screenshot below for reference.)
You'll be able to include Other Withholding Not Already Entered, in your case, local income tax. (Click the third screenshot below for reference.)

Re: I have gambling income and was issued form 1042S

bb mata — Sun, 09 Feb 2020 21:20:30 GMT

Hi, I'm in new territory here: In August I won money in OK and was given a 1042s form. For the past 6 yrs I've been filing form 1040 with Turbotax; now with this 1042s form I'm reading that I have to file form 1040nr!

Please advise.

Re: I have gambling income and was issued form 1042S

JohnB5677 — Sun, 09 Feb 2020 22:38:44 GMT

Okay, there's a lot of information I don't know. Is this referring to Federal or State. If you are a US citizen you will not have to file a 1040 NR. If you are not a citizen you should have been filing one all along.

Now I expect that this will end up being about the states. If you do not live in OK and you won money in that state you will have to file a non resident return in OK. If you happen to live in TX there is no state tax so that will be the end of it. If you live in a different state that does have an income tax you will have to report your winnings there too. But, you will get a credit for the tax you paid in OK.

Re: I have gambling income and was issued form 1042S

bb mata — Sun, 09 Feb 2020 23:25:03 GMT

Thank you for replying. It's a federal return. Are you stating in need to file an OK tax return as well?

Re: I have gambling income and was issued form 1042S

JohnB5677 — Mon, 10 Feb 2020 01:58:30 GMT

Yes, Oklahoma is an income tax state and you will have to file there also.