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Examples of Items to Report as Other Income

and awards. Gambling winnings, including lotteries, raffles, a lump-sum payment from the sale of a right to receive future lottery payments, etc. For details on gambling losses, see the instructions for Schedule A , line 28, on page A-10...

What do I do with this tax form I received?

Mortgage Interest Form W-2 Wages and Earnings 1099-C Cancellation of Debt 1098-E Student Loan Interest Statement Form W-2G Gambling Winnings/Losses 1099-DIV Dividends and Distributions 1098-T Tuition and Fees Schedule K-1 (Form 1041...

Examples of deductions and credits that are available in TaxSlayer

These include: Amortizable premium on taxable bonds Federal estate tax on income in respect to a decedent Gambling losses (up to the amount of the gambling winnings you reported) Impairment-related work expenses Repayment under claim or right...

Itemized Deductions - An Overview

Miscellaneous Deductions Miscellaneous deductions include expenses for items such as tax return preparation, safe deposit box rental, investment fees, gambling losses (you can only deduct losses up to the amount of the total winnings that you...

Oregon Additions to Income

of reinvested capital gain. 14. Partnership or S corporation modifications for Oregon. 15. Prescription drug plan subsidies. 16. Schedule A deduction addback for Oregon subtractions. Gambling losses claimed as itemized deduction. Oregon only...

California Subtractions from Income

Make no adjustment for lottery winnings from other states. They are taxable by California. California and federal laws allow gambling losses only to the extent of reported gambling income. If you reduced gambling income for California...

New Mexico Modified Gross Income

for yourself, your spouse and your dependents. You may not reduce MGI by deductions or offset MGI by losses allowed for income tax purposes under the New Mexico Income Tax Act or under the Internal Revenue Code. When calculating MGI, include...

Tax Documents Needed To Prepare Your Return

You can also deduct gambling losses as an itemized deduction, but you cannot deduct more than your winnings. To see a Sample W-2G Click here Form 1098 - For homeowners, this form reports mortgage interest that is tax deductible...

Wisconsin Addition to Income - Amounts Not Deductible for Wisconsin

activity loss on your federal return for losses incurred when you were a resident of another state. The passive activity losses were not allocable to Wisconsin. The passive activity losses are not deductible for Wisconsin and must be included...

California Itemized Deductions

to enter on Other adjustments to CA Itemized Deductions. Gambling Losses – California lottery losses are not deductible for California. Enter the amount of California lottery losses shown on federal Schedule A (Form 1040) as a negative...