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Should I report my lottery winnings before or after taxes? Federal taxes were taken out before I received any money, so do I report the total before taxes or after?

 
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Should I report my lottery winnings before or after taxes? Federal taxes were taken out before I received any money, so do I report the total before taxes or after?

You enter the total amount that you won and you will also enter the tax that was withheld.   The tax withheld was an estimate.   The software will calculate whether you owe additional tax or get a refund.

**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.**
rjs
Level 15
Level 15

Should I report my lottery winnings before or after taxes? Federal taxes were taken out before I received any money, so do I report the total before taxes or after?

If tax was withheld from your winnings you should have gotten, or will get, a Form W-2G from the lottery. Enter the information from the W-2G in TurboTax exactly as it appears on the form that you got. To enter a W-2G in TurboTax, in the Search box type w2g (without the hyphen), then click the link that says "Jump to w2g."

 

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