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Where do I enter a W-2G form on my federal return

 
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2 Replies

Where do I enter a W-2G form on my federal return

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 8b. The amount from Part I of Schedule 1 Line 10 flows to Form 1040 Line 8.
Gambling Losses are reported on Form 1040 Schedule A as a Other Itemized Deductions. 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 Prizes, Awards, and Gambling Winnings, click the start or update button


Or enter w2g in the Search box in the upper right of the program screen. Click on Jump to w2g

MindyB
Expert Alumni

Where do I enter a W-2G form on my federal return

Here is how to add a W-2G TurboTax Online:

 

  • Click on Federal Taxes,  Wages & Income,  scroll down to Less Common Income > Gambling Winnings > Start or Revisit
  • Enter the information from the W-2G. If you do not have a W-2G, continue on and you will see Let's check for winnings not reported on a W-2G. In this section, report the winnings.

Here is some more information you may find helpful: How to Pay Taxes on Gambling Winnings and Losses

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