topic Re: W-2G in Get your taxes done using TurboTax

W-2G

Gr8mom2jag — Fri, 21 Feb 2020 02:30:21 GMT

I need to report my gambling winnings($1600) so that they can deduct the taxes from it. However, I am not itemizing, I just want them to deduct the taxes. Shouldn't I be able to use the free version for this? I really dont think I should have to pay the extra $40 for deluxe, on top of the $200 they are cutting me for the winnings... input please?!

Re: W-2G

susancox1980 — Fri, 21 Feb 2020 15:35:36 GMT

I think you can claim them under business income or loss (-1600)and then under other income 1600. I don't know how to show you how it was done. I had my taxes done last year by a professional tax service and this was how they did mine. Hope that helps. It did show it as schedule C and on a 1040 form then it listed a schedule 3 indicator and was 1