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heidi019
New Member

I won some money on the nhlottery. i printed out the winnings to put on my taxes? where do i put in the taxes. no place that say lottery winnings???

also they did not take taxes out so i need to report my winnings on my taxes
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I won some money on the nhlottery. i printed out the winnings to put on my taxes? where do i put in the taxes. no place that say lottery winnings???

Your winnings are gambling income.

 

Gambling

To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

 

https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

 

Gambling winnings are taxable income.  Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.

https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/

 

https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses

**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.**

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