Wisconsin gambling winnings

Forum|Forum|4 years ago
April 14, 2022
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I am a WI resident. Gambled online. Received W-2G. Entered W-2G on fed form. Itemized deductions on fed Schedule A for Gambling losses. Have detailed spreadsheet of my gambling sessions results and other docs to prove winning amount.

I added up my win gambling sessions in my spreadsheet

example:

W-2G reports $72000 in winnings

My session logs report $12000 in winnings.

So, on federal I would report W-2G number under gambling winnings and $60000 in losses on Schedule A

This equals the $12000 in gambling session wins.

HOW DO I DO THIS ON WISCONSIN TAX FORMS?

Thank you to anyone who can answer

mglauner

If you are a Wisconsin resident, you don't have to report your gambling activity separately. The amounts are included in your Federal AGI, which flows into your Wisconsin return.

If you paid taxes to another state on your winnings, in the Wisconsin interview you can indicate the state/amount of tax paid to another state.

MerlyndaAuthor

Using that method brings over the entire W-2G amount into Wisconsin form 1. ($72000 in simplified example)

I properly used the session method to determine gambling wins. ($12000 in simplified example).

I am allowed a Wisconsin income adjustment of $60000.

No one seems to know where I put the $60000 income adjustment.

So, I put it on Wisconsin Schedule SB line 50 (other) and attached my session gambling log

dhuber24

I'm also looking for an answer to this?

I don't understand why the "experts" aren't understanding the difference between federal and state treatment of gambling wins/losses?

Please stop saying the Federal entries pass to the state.. the losses DO NOT. Wisconsin requires losses only at the session level. Where do these session adjustments get entered on the STATE return??