You'll need to sign in or create an account to connect with an expert.
Yes.
You will receive a W-2G, showing the gambling winnings and the tax withheld. The income will be added to your other income and tax calculated on your total income . The withholding will be applied to the tax calculated and will be refunded if too much was withheld.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sedwards7
New Member
DAC SVS 40
New Member
gur1
Level 2
gur1
Level 2
lynnlovebug67026
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.