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erinbro
New Member

I won a car in 2022 at a charity fundraiser. I bought tickets for a raffle essentially and my ticket was pulled. How do I claim this win on my taxes?

 
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2 Replies

I won a car in 2022 at a charity fundraiser. I bought tickets for a raffle essentially and my ticket was pulled. How do I claim this win on my taxes?

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I won a car in 2022 at a charity fundraiser. I bought tickets for a raffle essentially and my ticket was pulled. How do I claim this win on my taxes?

Sorry, I clicked on Post before finishing so deleted the first answer -

 

You report the Fair Market Value of the car that was won in the Gambling section of the program.  When asked if you received a Form W-2G answer NO.  When asked about the winnings not reported on a W-2G answer Yes to the question for prize or award that did not come from gambling.  Enter the value of the car.

 

Click on Federal on the left side of the online program screen

Click on Wages & Income

Scroll down to Less Common Income

On Gambling winnings, click the start button

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