Entering Gambling Winnings

[minnow150]

A client just dropped off over 200 Form W-2G's from online gambling winnings.

Can I enter them in total (similar to stock transactions) or must I have someone input them individually?  If I can enter them as a group, are there any special wordings or codings that are needed?

Thanks.

Mike Gilligan

[IntuitTylor]

Those all will need to be entered in order to create the electronic copy of the payer information that the IRS would verify against. There is not a way to enter all and attach a statement like dispositions. 

[sjrcpa]

If 75 are all from one payer, I'd go for it and enter the total.

[TAXOH]

I have done what sjrcpa suggested many times and have never had an issue doing it that way. 

[sjrcpa]

@IntuitTylor For curiosity sake, can 200 W-2Gs be entered in Lacerte? I don't know what the limit is.

[PhoebeRoberts · Accepted solution]

I routinely enter one summary W-2G per casino per spouse if there's no withholding. If there's withholding, I do enter those individually. No rejects, no correspondence.

200 W-2Gs is too many to meet e-file specs, so your other option is a paper return, and no one wants that.

[sjrcpa]

You and your spam have been reported.

[IRonMaN]

The Mumbai dancing girls were more entertaining when they showed up, but bingo could be more monetarily beneficial.  

Farmers close their barn doors to keep the cows in the barn.  Intuit is leaving the doors open so the cash cows can get into the barn.  That extra bingo money could help supplement what we earn here.