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misscoco3
New Member

Reporting gambling winnings

I won $180 in a California casino.  I was given a 592 B form and California tax was taken out at the time.  I reported the amount on our federal return.  We are filing both California and Massachusetts return.  In turbo tax premier where do I put in California that we already paid $13 to California - do I need to report it since we already paid taxes on it ?  On Massachusetts, the gambling winning transferred over but we already paid California taxes on it - how do I get credit on Massachusetts for the tax already paid on California.  I was told if I remove it, it will delay our processing.  Thanks in advance.

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2 Replies

Reporting gambling winnings

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 21 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 gambling winnings on w-2g in the Search box in the upper right of the program screen.  Click on Jump to gambling winnings on w-2g

TerryA
Intuit Alumni

Reporting gambling winnings

Here is how to enter the California Form 592-B or 593:

Enter the Calif tax on Form 592-B in the federal return so that the withholding can be included in your federal itemized deductions. TT/Calif will pick it up from there.

Federal Taxes tab (this is the Deluxe path. Premier is probably a little different..)
Deductions and Credits
I'll choose what I work on
Scroll down to Estimates and Other Taxes Paid
Select Other Income Taxes
Under Other Income Taxes Paid in 2018 is
Withholding not already entered on a W-2 or 1099  <Start>
Enter the $$ withheld in the State box (round to nearest dollar - don't enter pennies) and select California from the dropdown

In TT/Calif click through until you get to the screen Take a look at California credits and taxes, under Payments and withholding select Real Estate and Other Withholding. Check the 592-B Box and you will be shown an image of the form to input the data for electronic filing. This will "sync up" the "other withholding" coming from the federal return and treat it properly on the Calif return.


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