Entering multiple W2-Gs

[jasnyder1992]

I had 5 W2-Gs over the course of last year totaling roughly 15,000.   Unfortunately I was not prepared and did not keep an accurate journal of my gambling activities, so I can't itimize to deduct any losses despite probably breaking even.  Would it be advisable to simply file those 5 W2Gs, take the tax hit of a few grand, and move on?  

[ColeenD3]

Yes. You must include them in income.

Keeping track of your winnings and losses

The IRS requires you to keep a log of your winnings and losses as a prerequisite to deducting losses from your winnings. This includes:

• lotteries
• raffles
• horse and dog races
• casino games
• poker games
• and sports betting

Your records must include:

• the date and type of gambling you engage in
• the name and address of the places where you gamble
• the people you gambled with
• and the amount you win and lose

Other documentation to prove your losses can include:

• Form W-2G
• Form 5754
• wagering tickets
• canceled checks or credit records
• and receipts from the gambling facility

[jasnyder1992]

I guess my question is about the next step; I've already entered my 5 W2Gs into turbo tax and it gives me my total.  If I just click no to any additional winnings not reported on W2Gs and then no losses to deduct (as I have no records to prove any additional wins or losses), is the gambling section of my taxes good to go?

[AmyC]

Yes!