turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

johnahord
New Member

I earned a small amount of money on sports gambling last year, but there's no form W-2G provided by DraftKings. A) Do I have to report it? B) If so, how w/o the W-2g?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DianeW777
Employee Tax Expert

I earned a small amount of money on sports gambling last year, but there's no form W-2G provided by DraftKings. A) Do I have to report it? B) If so, how w/o the W-2g?

Yes, you must report any gambling winnings starting from $1. The losses would only be allowed if you can itemize your deductions and TurboTax will ask you for the amount.  

 

Enter your gambling winnings using the steps below, a document is not necessary. Check the rules for your state return.

Enter the gambling winnings using the steps below.

  1. Sign into your TurboTax Online/Mobile or TurboTax Desktop account
  2. Select Tax Home  (on the left) > Income & Expenses > Less Common Income > Gambling Winnings > Start
    1. TurboTax Desktop start with Income > Less Common Income > Gambling Winnings
  3. Follow the screen prompts based on your situation (reporting document or none)
  4. Be prepared with your gambling losses as well but they may or may not affect your tax return.  If you itemize deductions it could help.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
johnahord
New Member

I earned a small amount of money on sports gambling last year, but there's no form W-2G provided by DraftKings. A) Do I have to report it? B) If so, how w/o the W-2g?

@DianeW777 Thank you! 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question