Can I report net gambling wins/losses as required for the New Jersey nonresident form (NJ-1040NR, line 21)? Net is zero, losses exceed W-2Gs, but no prompt or box.

Forum|Forum|3 years ago
March 3, 2023
1 reply
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W-2Gs and other wins and all losses(including NJ and other states) were reported in federal return, but did not carry over to state return. There is seemingly no method to report properly for New Jersey amounts.

TurboTax Deluxe Online

LindaS5247

If you itemized on your federal tax return, then no adjustment is needed.

If you took the standard deduction on your federal return, then enter your winnings/losses adjustment in the "Other Income Section" of the Adjustment Category of New Jersey Non-Resident return.'

Per the New Jersey State Website you may use your gambling losses to offset gambling winnings from the same year as long as they do not exceed your total winnings. If your losses were greater than your winnings, you cannot report the negative figure on your New Jersey tax return. You must claim zero income for net gambling winnings.

For more information, see TB-20(R) , Gambling Winnings or Losses.

Click here for information on "Gambling Income and Losses."

Click here for information regarding reporting your gambling losses from NJ Revenue.

Click here for information regarding reporting gambling losses.

[Edited 03/04/2311:19 am PST] @drohr01

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zmhdes

I entered the losses against my winnings on the federal schedule A, but where do i do that for the NJ Turbo Tax program? The W2G still shows up in it?

Vanessa A

The information you entered on your federal return should flow over to your NJ return.

New Jersey uses the Gambling Income Statement which flows to line 24 of your NJ-1040. The total gambling winnings are reported net of your gambling losses on your NJ-1040. You do not have to itemize to claim the losses in NJ.

So if you look at the forms in your return, as long as you entered your W2G and then entered your losses from the W2G in the federal section, you will see your net winnings on line 24 of your NJ 1040.