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Bookmark or Share- Solved: My gambling losses exceed my winnings (by a lot ... - IntuitBear in mind the IRS may come calling if you report $1,000 of gambling income and the casino reports a $2,000 jackpot on Form W-2G. The IRS may ask for detailed, contemporaneous records proving your income. Taxpayers have lost court cases over poor or inadequate recordkeeping. See: How to Pay Taxes on Gambling Winnings and Losses
- Can i claim my grandchild as a dependent on my taxes - IntuitYou can claim your adult son or daughter if they are your qualifying relatives. To be a qualifying relative (i.e., a dependent),
- I do not have a name of locality on my w2g gambling winnings form - IntuitMy wife gambles and runs up wining (gaines) but not more than the losses. The casino only reports the winnings. I have been using the schedule A to claim the losses. This means I loose the standard deduction and pay more taxes. Am I doing this property
- I cant find my w2g that casino gave me. what do I do? - IntuitIf you have lost your Form W-2G, you can contact the Gambling issuer (casino) and request a duplicate copy. Alternatively, you can contact the IRS at 1-800-829-1040 and ask them to send you a copy. NOTE: The Gambling issuer (casino) sends a copy of your W-2G to the IRS to report your winnings.
- I had winnings from a casino with form W-2G. It is asking for ... - IntuitNo problem.On the W-2G entry screen, click on the Locality link next to Box 18.(See Screenshot #1, below.) You will be given a list of locality codes by state.
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