GoodListener
Junior Member
What is the name of your state? CA
A gambling win reporting question.
In 2004, a taxpayer:
(1) He hit a jackpot in a slot machine and received a Form W-2G for it at the amount of $2,000.
(2) He also had some minor gambling wins at the total of $500 which the casino did not issue him Form W-2G.
(3) He also had gambling loss of $300.
How much does he have to report as gambling win on line 21 of Form 1040?
A gambling win reporting question.
In 2004, a taxpayer:
(1) He hit a jackpot in a slot machine and received a Form W-2G for it at the amount of $2,000.
(2) He also had some minor gambling wins at the total of $500 which the casino did not issue him Form W-2G.
(3) He also had gambling loss of $300.
How much does he have to report as gambling win on line 21 of Form 1040?
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