When reporting Poker winnings through a W-2G for +$5000, will the entire amount be taxed or only the amount above $5000?

The entire amount listed on your W-2G may be taxed.

Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax:

1. Open or continue your return in TurboTax, if you aren't already in it.
2. Search for W2G (don't include any hyphens) and select the Jump to link in the search results.
3. Answer Yes on the Did you win money or other prizes in 2023? screen and follow the instructions to enter your W-2G.

After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had. Losses can be deducted up to the amount you reported winning, but only if you itemize.