You can get the general instructions at IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676). File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings.
Do I have to file my W2G?
You don’t necessarily receive a W-2G for all gambling winnings but you still need to report all of your winnings. A gaming facility must report your winnings on a W-2G when: Horse race winnings of $600 or more (if the win pays at least 300 times the wager amount) Bingo or slot machine winnings are $1,200 or more.
What do you need to know about the W-2G form?
The IRS W-2G Form You use Form W-2G to report certain gambling winnings. When you gamble and win more than a threshold amount – which varies according to the specific gambling activity – the casino or another gambling establishment deducts from your winnings an IRS-prescribed withholding amount.
When to file a lost statement for a W-2G?
When you gamble and win more than a threshold amount – which varies according to the specific gambling activity – the casino or another gambling establishment deducts from your winnings an IRS-prescribed withholding amount. It forwards this to the IRS along with Form W-2G and sends another copy to you.
How to report backup withholding on Form W-2G?
Report the amount you withheld in box 4 of Form W-2G. Also, file Form 945 to report all backup withholding. You may use Form W-9, Request for Taxpayer Identification Number and Certification, to request the TIN of the recipient. See the following instructions for each type of gambling for detailed rules on backup withholding.
Is there a way to replace a lost W2 form?
While the system for lost W-2 form replacement is reliable and simple to use, there’s no similar way to replace lost receipts and other supporting documents. One potential workaround is to use the description of a transaction from a bank account or credit card statement in lieu of the original paper receipt.