- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
A client just dropped off over 200 Form W-2G's from online gambling winnings.
Can I enter them in total (similar to stock transactions) or must I have someone input them individually? If I can enter them as a group, are there any special wordings or codings that are needed?
Thanks.
Mike Gilligan
Solved! Go to Solution.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
I routinely enter one summary W-2G per casino per spouse if there's no withholding. If there's withholding, I do enter those individually. No rejects, no correspondence.
200 W-2Gs is too many to meet e-file specs, so your other option is a paper return, and no one wants that.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
Those all will need to be entered in order to create the electronic copy of the payer information that the IRS would verify against. There is not a way to enter all and attach a statement like dispositions.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
@IntuitTylor For curiosity sake, can 200 W-2Gs be entered in Lacerte? I don't know what the limit is.
ex-AllStar
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
If 75 are all from one payer, I'd go for it and enter the total.
ex-AllStar
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
I have done what sjrcpa suggested many times and have never had an issue doing it that way.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Email to a Friend
- Report Inappropriate Content
I routinely enter one summary W-2G per casino per spouse if there's no withholding. If there's withholding, I do enter those individually. No rejects, no correspondence.
200 W-2Gs is too many to meet e-file specs, so your other option is a paper return, and no one wants that.