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tsingleton328
Returning Member

How do is file my lottery winnings if I don’t file taxes and I want to do it myself

 
4 Replies
DoninGA
Level 15

How do is file my lottery winnings if I don’t file taxes and I want to do it myself

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

tsingleton328
Returning Member

How do is file my lottery winnings if I don’t file taxes and I want to do it myself

It lottery winners and it’s for 2018 the irs want me to file how do I do it

xmasbaby0
Level 15

How do is file my lottery winnings if I don’t file taxes and I want to do it myself

Online preparation and e-filing for 2017, 2018 and 2019 is permanently closed.

To file a return for a prior tax year

If you need to prepare a return for 2017, 2018, or 2019 you can purchase and download desktop software to do it, then print, sign,  and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.

Remember to prepare your state return as well—if you live in a state that has a state income tax.

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.

 

Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.

 

If you are getting a refund, there is not a penalty for filing past the deadline.  If you owe taxes, the interest/penalties will be calculated by the IRS based on how much you owe and when they receive your return and payment. The IRS will bill you for this; it will not be calculated by TurboTax.

**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.**
DoninGA
Level 15

How do is file my lottery winnings if I don’t file taxes and I want to do it myself


@tsingleton328 wrote:

It lottery winners and it’s for 2018 the irs want me to file how do I do it


If you did not file a 2018 tax return you would need to use the TurboTax desktop editions.

 

To complete and file a 2018 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2018 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/

 

A 2018 tax return can only be printed and mailed, it cannot be e-filed.

 

Or you can use the IRS website for free forms, schedules and instructions to manually complete a 2018 tax return - https://apps.irs.gov/app/picklist/list/priorFormPublication.html

 

IRS Form 1040 (2018) - https://www.irs.gov/pub/irs-prior/f1040--2018.pdf

IRS Form 1040 (2018) instructions - https://www.irs.gov/pub/irs-prior/i1040gi--2018.pdf

 

IRS Schedule 1 (2018) - https://www.irs.gov/pub/irs-prior/f1040s1--2018.pdf

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