When I go to Extensions and Other Tax Payments - Federal Income Tax Withheld it is grayed out and unable to change. Then I was told to "enter your W-2G forms under the standard gambling section, but zero out the income portion so it doesn't duplicate your Schedule C gross receipts" but doing this gives me an error that the…
I have been buying packs online for Pokemon cards. When you buy a pack you get a random card that could be worth either less, equal, or more of what you paid. Once the card has been revealed you can either hold the card in your PSA vault, ship the card or sell it back with the instant buyback option. I have been using the…
I've read in other posts that the option to deduct gambling losses only shows in "Other Itemized Deductions" if you have already input gambling winnings in the W-2G section. My gambling winnings are from sweepstakes casinos and thus came from 1099-MISCs or no W-2G at all. I was able to put my winnings in "Other Income >…
If I have gambling winnings w-2 to claim on my taxes and I also have gambling losses to claim, how do I file on FreeTaxUSA?
Do you need to report gambling winnings if you didn't win over $300 per gambling session and you lost the same amount during each gambling session. example: bought in for $50, gambled for an hour, won $50 for a break even session? Never won over $300 at a time and never got a W-g form.Â
Hello, please note I am going to start the post with assumptions being made to avoid the discussion of issues not at hand: Regardless of your personal or professional opinion, filing both as an amateur or professional gambler will allow deducting all wagers made versus the wins regardless of if it is a land based, normal…
We file jointly, can both of us use win/loss tatements or only me?
I gambled online through the various sites, and I will be receiving multiple 1099 forms. Will I be able to file using this service?
I plan to itemize this year because I have about $17K in gambling wins. I've also lost quite a bit and plan to offset the wins with losses. I know how to enter the wins in the software, however, where to I enter the losses?
I played online gambling this year, my losses are more than my wins. I also have a child. Will I owe taxes or will I still get any tax refund back?
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