Instructions to Winner
Box 4. Any federal income tax withheld on these winnings is
Box 1. The payer must furnish a Form W-2G to you if you
shown in this box. Federal income tax must be withheld on
receive:
certain winnings less the wager.
1. $1,200 or more in gambling winnings from bingo or slot
Certain winnings that are not subject to regular gambling
machines;
withholding may be subject to backup withholding if you did
2. $1,500 or more in winnings (reduced by the wager) from
not provide your federal identification number to the payer.
keno;
Include the amount shown in box 4 on your Form 1040 as
3. More than $5,000 in winnings (reduced by the wager or
federal income tax withheld. See Pub. 505, Tax Withholding
buy-in) from a poker tournament;
and Estimated Tax, for additional information.
4. $600 or more in gambling winnings (except winnings from
Signature. You must sign Form W-2G if you are the only
bingo, keno, slot machines, and poker tournaments) and the
person entitled to the winnings and the winnings are subject
payout is at least 300 times the amount of the wager; or
to regular gambling withholding. Return the signed form to the
5. Any other gambling winnings subject to federal income
payer, who will give you your copies.
tax withholding.
Other winners. Prepare Form 5754, Statement by Person(s)
Generally, report all gambling winnings on the “Other
Receiving Gambling Winnings, if another person is entitled to
income” line of Form 1040. You can deduct gambling losses
any part of these winnings. Give Form 5754 to the payer, who
as an itemized deduction, but you cannot deduct more than
will use Form 5754 to prepare Form W-2G for each person
your winnings. Keep an accurate record of your winnings and
listed as a winner.
losses, and be able to prove those amounts with receipts,
Future developments. For the latest information about
tickets, statements, or similar items that you have saved. For
developments related to Form W-2G and its instructions, such
additional information, see Pub. 529, Miscellaneous
as legislation enacted after they were published, go to
Deductions, and Pub. 525, Taxable and Nontaxable Income.