Irs reporting gambling winnings and losses

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Please Note: After 30 minutes of inactivity, you'll be forced to start over.Ĭaution: Using the 'Back' button within the ITA tool could cause an application error.

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Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404(f) of the Internal Revenue Code. For information about nonresidents or dual-status aliens, please see International Taxpayers.Ĭonclusions are based on information provided by you in response to the questions you answered. citizen or resident alien for the entire tax year. If married, the spouse must also have been a U.S. citizens or resident aliens for the entire tax year for which they're inquiring. The tool is designed for taxpayers who were U.S. Any information provided to you on a Form W-2G.Poker tournament winnings are more than 5,000.

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Keno winnings, less the wager, are 1,500 or more. Amount of your gambling winnings and losses. A gaming facility is required to report your winnings on a W-2G when: Horse race winnings of 600 or more (if the win pays at least 300 times the wager amount) Bingo or slot machine winnings are 1,200 or more.This interview will help you determine how to claim your gambling winnings and/or losses.

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