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New Member
posted Jan 19, 2025 9:57:53 AM

Help with filing regular w2 and lottery winning w2s

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2 Replies
Level 15
Jan 19, 2025 10:04:14 AM

Those are entered in separate locations.

 

For the W-2 Click on Federal>Wages & Income>Wages and Salaries W-2

 

Gambling losses can only be deducted up to the amount of the gambling winnings. Gambling winnings are reported on Form 1040 Schedule 1 on Line 8 as Other Income. Gambling Losses are reported on Form 1040 Schedule A as a Miscellaneous itemized deduction. Gambling losses are not a one-for-one reduction in winnings. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

To enter, edit or delete Gambling Winnings and Losses -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income

On Gambling Winnings, click the start or update button

 

Or enter w2g in the Search box in the upper right of the program screen. Click on Jump to w2g

Level 15
Jan 19, 2025 10:05:35 AM

Those documents are entered in two different places.

Go to Federal>Wages & Income to enter a W-2.

 

 

To enter the W-2G  or other documents

For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings