Entering Gambling Winnings

[minnow150]

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

[IntuitTylor]

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. 

[sjrcpa]

@IntuitTylor For curiosity sake, can 200 W-2Gs be entered in Lacerte? I don't know what the limit is.

[sjrcpa]

If 75 are all from one payer, I'd go for it and enter the total.

[TAXOH]

I have done what sjrcpa suggested many times and have never had an issue doing it that way. 

[PhoebeRoberts · Accepted solution]

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.