I won $100 at a casino contest, I signed a tax form. Will I get a form in the mail? How do I claim this on my taxes? Also, can I show I spent the $100 back at the casino?

[Anita01 · Accepted solution]

You should receive a W-2g for this income if you signed a form, but you may not because of the small amount involved.

Whether you receive a form or not, you will still need to claim the gambling income, but it shouldn't make much of a difference because it's a low amount.

Gambling losses, meaning amounts you gambled at the casino, can be deducted but,unfortunately, they are a part of your itemized deductions.  If you do not itemize for things like mortgage interest or property taxes, then it's unlikely that this small a gambling loss will help you any.  Your total itemized deductions have to be larger than your standard deduction before you actually can use the itemized deductions.  Since standard deductions have gotten pretty large, it's difficult to have enough itemized deductions to use them unless you have mortgage and property tax amounts.

[barmorse01]

Am I still able to file with TurboTax for free? Or because I now have a W-2g form, will I have to use an upgraded service? Also, will this form come in the mail? I was never given a copy when I signed.

[Critter]

You signed the tax form and you should have walked away with a copy of  it in hand ... look and see if it a W-2G.