Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 10:26:58 AM

I filed my taxes with gambling winnings and just found out that the casino is not reporting those winnings to the IRS at all I never had to report them what do I do now

0 2 13308
1 Best answer
New Member
Jun 1, 2019 10:27:00 AM

You did the right thing by reporting the winnings even if the casino did not report it.  

The IRS very specifically states that "Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips."

If you feel you could offset the winnings by losses, you could do an amendment to include any losses you may have had in 2017 and possibly get some of the money back. 

Here is a link on losses.

https://turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/L4l...


2 Replies
New Member
Jun 1, 2019 10:27:00 AM

You did the right thing by reporting the winnings even if the casino did not report it.  

The IRS very specifically states that "Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips."

If you feel you could offset the winnings by losses, you could do an amendment to include any losses you may have had in 2017 and possibly get some of the money back. 

Here is a link on losses.

https://turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/L4l...


Returning Member
Aug 4, 2019 1:29:58 PM

You did not mention if you had any single winnings over $1,200.  Casinos only report winnings from when they issue a W2-g.