You usually have to put a "date won" next to the casino entries. As a
non-pro, for example, I'd be nervous listing one $100,000 win dated December
31 ( assuming your last jackpot was then ) , versus 20 $5000 hits scattered
about during the year. The logic being, for audit profiling , maybe he's a
person that hit a big jackpot in late December , got lucky, and is likely a
winner for the year. Are you saying it dont matter, they pull up their
records , see that its really 20 hits not one ?
best...Tom
----- Original Message -----
From: "Queen of Comps" <queenofcomps@cox.net>
To: <vpFREE@yahoogroups.com>
Sent: Thursday, March 22, 2012 4:41 PM
Subject: Re: [vpFREE] Re: W2G
We don't e-file but the way we handle our W-2G's is to put the one big total
in the proper place on the main return (that depends on whether you file as
a recreational gambler or file a Schedule C as a professional one) and then
attach a list to the return. We used to list each W-2G on that attachment,
but now we combine all the W-2G's from one casino. So then our list is by
casino totals.
However, you can never be sure what is the best way. The IRS has a way of
losing attachments. We have had them question us (in a letter audit) and we
had to send the list a second time.
