About Form W-2G

• The requirements for reporting gambling winnings on Form W-2G depend on the type of gambling, amount of gambling winnings, and the ratios of winnings to the wager.

• Taxpayers will receive Form W-2G for gambling income they received during a tax period.

• Taxpayers with gambling winnings may write off their losses up to the amount they won, on SCH A as an itemized deduction.

Completing Form W-2G

1. Select Add Form.
   
   

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2. Locate and highlight Form W2-G in the All Forms & Schedules Menu. Double-click to add.
   
   

3. If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
   
   

4. Complete the W-2G, filling in all applicable sections.

   1. The software requires a first and second id be entered on Form W-2G. Use the taxpayer’s SSN as one and their driver’s license or id number as their second id.

   2. Be sure to enter any state information in boxes 13-18. If that state taxes gambling income, ensure you file the appropriate state tax forms.
      
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