Entering gambling winnings and losses in Lacerte

Table of contents:

To enter Form W-2G gambling winnings:

1. Go to Screen 13.2, Gambling Winnings and Losses.
2. Complete all applicable entries under the W-2G Payer Information (mandatory for e-file) section.
3. Scroll to the W-2G Gambling Winnings section.
4. Check the Spouse W-2G box if applicable.
5. Enter the applicable amounts for fields 1–18 as reported on Form W2-G.

Any field marked with an asterisk (*) applies to e-file returns only. Complete all appropriate fields to prevent an e-file reject.  

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To enter Form W-2G gambling losses:

1. Go to Screen 13.2, Gambling Winnings and Losses.
2. Select Losses/Misc Winnings from the left navigation panel.
3. Enter Total gambling losses.
4. Enter State total gambling losses, if different.
   • Gambling losses can only be offset to the extent of gambling winnings. The amount of gambling losses allowed will flow to Schedule A, line 28.

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To enter gambling winnings from a 1099-K or not reported on Form W-2G:

1. Go to Screen 13.2, Gambling Winnings and Losses.
2. Select Losses/Misc Winnings from the left navigation panel.
3. Enter the Winnings not reported on Form W-2G.

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To enter state taxable gambling winnings:

1. Go to Screen 13.2, Gambling Winnings and Losses.
2. Select Losses/Misc Winnings from the left navigation panel.
3. Enter the State taxable winnings not reported on Form W-2G, if different.

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How to Generate a Statement or List Of W-2G Gambling Winnings and Losses

1. Go to Screen 13.2, Gambling Winnings and Losses.
2. Select the Print menu at the top of the screen.
3. Select Input Sheets.
4. Select Suppress All Input Sheets on the left side of the screen.
5. Scroll down to 13.2 Gambling (grid) and change the setting from Suppress to When applicable.
6. Select Print at the bottom of the screen.
7. The input sheets for Screen 13.2 will print containing the information entered in the grid.

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