Instructions For Forms W-2g And 5754 - 2018 (Page 3 of 6) in pdf

Form 5754

Box 2

If the person receiving the winnings isn't the actual winner, or is a

Enter the date of the winning event. This isn't the date the money

member of a group of winners, see

Specific Instructions for Form

was paid if it was paid after the date of the race (or game).

5754, later.

Box 3

Statements to Winners

Enter the type of wager if other than a regular race bet, for

If you are required to file Form W-2G, you must also provide a

example, Daily Double or Big Triple.

statement to the winner. For information about the requirement

to furnish a statement to the winner, see part M in the 2018

Box 4

General Instructions for Certain Information Returns. You may

furnish Copies B and C of Form W-2G to the winner.

Enter any federal income tax withheld, whether regular gambling

withholding or backup withholding.

1. Horse Racing, Dog Racing, Jai Alai, and Other

Wagering Transactions Not Discussed Later

Box 5

File Form W-2G for every person to whom you pay $600 or more

Not applicable.

in gambling winnings if the winnings are at least 300 times the

amount of the wager. If the person presenting the ticket for

payment is the sole owner of the ticket, complete Form W-2G

Box 6

showing the name, address, and TIN of the winner. If regular

Enter the race (or game) applicable to the winning ticket.

gambling withholding is required, the winner must sign Form

W-2G, under penalties of perjury, stating that he or she is the

sole owner and that the information listed on the form is correct.

Box 7

If more than one person shares in the winnings from a single

Enter the amount of additional winnings from identical wagers.

wager, see

Withholding and Forms W-2G for Multiple

Winners,

later.

Box 8 or 10

Withholding

Enter the cashier and/or window number making the winning

payment.

You must withhold federal income tax from the winnings if the

winnings minus the wager exceed $5,000 and the winnings are

at least 300 times the wager. Withhold 24% of the proceeds (the

Box 9

winnings minus the wager). This is regular gambling withholding.

This is required information. Enter the TIN of the person

receiving the winnings. For an individual this will be the social

If the winner of reportable gambling winnings doesn't provide

security number (SSN) or individual taxpayer identification

a TIN, you must backup withhold at the rate of 24% on any such

number (ITIN). If the winner fails to give you a TIN, backup

winnings that aren't subject to 24% regular gambling

withholding applies. See Withholding, earlier.

withholding. That is, backup withholding applies if the winnings

are at least $600 but not more than $5,000 and are at least 300

Boxes 11 and 12

times the wager. Figure backup withholding on the amount of the

winnings reduced, at the option of the payer, by the amount

As verification of the name, address, and TIN of the person

wagered.

receiving the winnings, enter the identification numbers from two

forms of identification. Acceptable forms of identification include

Identical Wagers

a driver's license, passport, social security card, military

identification card, tribal member identification card issued by a

Winnings from “identical wagers” are added together for

federally-recognized Indian tribe, voter registration card, or

purposes of reporting and withholding requirements. Two or

completed and unmodified Form W-9. Enter the number and the

more wagers are identical wagers if they are placed with the

state or jurisdiction. In some instances, the number may be the

same payer and winning depends on the occurrence (or

same number as in box 9.

non-occurrence) of the same event or events. In the case of

horse races, dog races, or jai alai, wagers also must be placed in

One of the two forms of identification that the recipient

the same parimutuel pool to be identical wagers. For example,

presents must include the recipient's photograph. Gaming

multiple bets placed in a parimutuel pool with a single payer on

establishments owned or licensed by a tribal government may

the same horse to win a specific race are identical wagers.

waive the photo ID requirement for payees who are members of

that federally-recognized Indian tribe and present a tribal

Wagers in a single parimutuel pool in horse

member identification card issued by the same tribal

racing, dog racing, or jai alai

government.

All wagers in horse racing, dog racing, or jai alai placed in a

Boxes 13 Through 18

single parimutuel pool and represented on a single ticket are

aggregated and treated as a single wager for purposes of

These boxes are provided for your convenience only and need

determining the amount of the wager for withholding and

not be completed for the IRS. See

State Tax Information

and

reporting requirements. These types of wagers are not

Local Tax

Information, earlier.

necessarily identical wagers. For example, two bets in a single

Box 13. Enter the abbreviated name of the state and your state

show pool, one for Player X to show and the other for Player Y to

identification number.

show, are not identical wagers because winning on the two bets

isn't contingent on the occurrence of the same event. However, if

Box 14. Enter the amount of state winnings.

both bets are represented on a single ticket, then they must be

Box 15. Enter the amount of state income tax withheld.

aggregated to determine the amount of the wager.

Box 16. Enter the amount of local winnings.

Box 1

Box 17. Enter the amount of local income tax withheld.

Enter payments of $600 or more if the payment is at least 300

Box 18. Enter the name of your locality.

times the wager.

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Instructions for Forms W-2G and 5754 (2018)

Instructions For Forms W-2g And 5754 - 2018 Page 3

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