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.
--- 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.
>
