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June 6, 2019
Solved

My husband did not give me his w-g2 forms for 2016 how do i fix this problem?

  • June 6, 2019
  • 3 replies
  • 0 views

received a bill from Irs but also have losses to balance winnings

Best answer by xmasbaby0

If you need to enter additional information, delete something, or change something on the the tax return you already filed, you have to wait until your return has been fully processed, then you can prepare an amended return, called a 1040X.  You cannot e-file a 1040X.  It must be printed, signed and mailed to the IRS.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

After you print, sign and mail your amended return—1040X— to the IRS wait about 3 weeks and then you can begin checking on it at the IRS website.  Be aware that it can take at least 3-4 months for an amended return to be fully processed (or sometimes even longer.)

https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1

Gambling

To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction.  Losses do not offset winnings dollar for dollar.


https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

3 replies

Employee
June 6, 2019
Does he still have them, and records of his losses?
June 6, 2019
Yes
xmasbaby0Answer
Employee
June 6, 2019

If you need to enter additional information, delete something, or change something on the the tax return you already filed, you have to wait until your return has been fully processed, then you can prepare an amended return, called a 1040X.  You cannot e-file a 1040X.  It must be printed, signed and mailed to the IRS.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

After you print, sign and mail your amended return—1040X— to the IRS wait about 3 weeks and then you can begin checking on it at the IRS website.  Be aware that it can take at least 3-4 months for an amended return to be fully processed (or sometimes even longer.)

https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1

Gambling

To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings

You can enter your winnings, and then keep clicking through the interview to enter gambling losses.

Gambling losses are an itemized deduction; you can only get a deduction if the combination of all of your other itemized deductions exceeds your standard deduction.  Losses do not offset winnings dollar for dollar.


https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**