jeffmcpa2010
Level 11
04-15-2022
09:30 AM
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The 20K income will end up as income on schedule 1 after you enter the W2-G.
The losses of 22,433 go to schedule A line 16 other deductions, but are limited to reported winnings, so you would actually enter $20,000 on the schedule A.
https://www.irs.gov/instructions/i1040sca#en_US_2021_publink100073879