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Level 3

Reporting non W2G gambling income



When people report non W2G gambling income ( so from their own source records and no IR) have you ever had an issue with a government agency, be it IRS or your state, questioning the EXCESS unreported you reported?


I would appreciate if we could stick to the question, i know its reportable.

2 Replies
Level 15

Reporting non W2G gambling income

The minimum you have to report on gambling winnings is the total of all W-2G forms you received during the year  but you can always report more than that and the IRS is agreeable to your doing so. In 30 years of doing taxes I have not see the IRS audit anyone for being honest in this matter.

Level 15

Reporting non W2G gambling income

Reporting taxable income on tax return without a form received for the income is not an issue. 

Millions of taxpayers report on their tax returns each year receiving taxable income where the IRS and/or State will not have any records of that income being received by the taxpayer.  This is usually is from self-employed people who report the cash they receive for services rendered from clients.  The same goes for gambling income received being reported on a tax return with no W-2G or Form 1099 being issued.

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