Category: W2's
Form W-2G: Gambling Winnings
If you received a Form W-2G for winnings from gambling, you can enter this in your TaxSlayer account by going to Income > Other Income > Gambling Winnings (W-2G) or use the FORMS Tab on the right hand side of the screen. Enter the information requested from your form and TaxSlayer will carry it to the proper places on your return.
If you happen to have lost money gambling, you can generally list your losses as a deduction to help reduce your income and lower your tax bill. To enter your gambling losses in our program go to Deductions > Itemized Deductions > Miscellaneous Deductions or use the FORMS Tab on the right hand side of the screen. Enter the amount of your losses in the field "Gambling losses to the extent of gambling winnings".
Do I Need To Claim My Gambling Winnings and Can I Deduct My Gambling Losses?