No $ limit, but you can only deduct up to the amount of your reported winnings
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>interesting i didn't know you could list the total amount. i been doing it the long way listing all w2g. also i was wondering if there is a limit to how much you can deduct as losses.
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>--- In vpFREE@yahoogroups.com, Tom Robertson <007@...> wrote:
>>
>> >I have many W2G's from last year - my accountant always lists them separately on the electronic return.
>> >
>> >Does anyone know if this is necessary? Can you just put in the gross amount and keep the W2G paper copies as reference?
>> >I know there are people who have a heck of a lot more of them than I do, and I can't imagine those being listed separately.
>> >
>> >Or does anyone know where to look to find this out?
>> >
>> >Thanks!
>> >Valerie
>>
>> This is probably one of the many areas where it doesn't matter, so you
>> might as well do what's easiest. I've known many people who have been
>> asked by the IRS why they put a total figure of W-2gs that's less than
>> what casinos reported to them, but I've never heard of anyone even
>> being asked why they put a total figure, as I've done for almost 30
>> years, rather than list them separately. I did someone's taxes a few
>> years ago electronically, though, and I recall not being able to put a
>> total figure, so I listed them separately.
>>
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