What is Form W-2G?

Form W-2G reports gambling earnings and tax withholdings. Generally, you will receive a Form W-2G if you receive any of the following:

• $600 or more in gambling winnings and the payout is at least 300 times the amount of the wager (except winnings from bingo, keno, slot machines, and poker tournaments);
• $1,200 or more in gambling winnings from bingo or slot machines;
• the winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament;
• $1,500 or more in proceeds (the amount of winnings less the amount of the wager) from keno; OR
• Any gambling winnings subject to federal income tax withholding.

To view a sample Form W-2G, click here.

Where to enter Form W-2G?

To enter Gambling Winnings reported on Form W-2G in the program, go to:

1. Federal Section
2. Select My Forms (Continue)
3. Income
4. Less Common Income
5. Gambling Winnings - Form W-2G

Where to enter Gambling Losses?

There are two ways to enter your gambling losses into the program. The first is to enter the gambling losses on the same screen where you enter your gambling winnings (W-2G). These will pull to the Itemized Deductions Schedule A.  The other option, is to enter the losses into the itemized deductions directly. Do not enter your gambling losses in both sections or it will double the amount of losses reported on your return. To enter Gambling Losses directly in the Itemized Deductions section of the program, go to:

1. Federal
2. Deductions
3. Select My Forms
4. Itemized Deductions
5. Other Itemized Deductions

Please view the "Learn More" link attached to that entry line for Gambling Losses, remembering that you cannot deduct losses that are more than your winnings. You may only list the amount of losses up to the amount of your winnings.