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Does w2-g require different entry than w-2?

 
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Does w2-g require different entry than w-2?

Yes.

To enter the W-2G  or other documents For your Gambling winnings--

Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

 

 

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

 

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

 

Gambling winnings are taxable income.  Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.

https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/

 

 

2025 STANDARD DEDUCTION AMOUNTS

SINGLE $15,750  (65 or older/legally blind + $2000)

MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600)

MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600)

HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
MinhT1
Employee Tax Expert

Does w2-g require different entry than w-2?

Yes. Form W-2G is different from form W-2 and is entered in a different section of TurboTax.

 

Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax (from this TurboTax Help article:(

  1. Open or continue your return.
  2. Locate the W-2G section:
  • TurboTax Online/Mobile: Go to W-2G.
  • TurboTax Desktop: Search for W2G (don't include any hyphens) and select the Jump to link.

       3. Answer Yes on the Did you win money or other prizes in 2024? screen and follow the instructions to enter your W-2G.

 

After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had. Losses can be deducted up to the amount you reported winning, but only if you itemize.

 

After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had. Losses can be deducted up to the amount you reported winning, but only if you itemize.

 

 

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