time: 12:00 - 5:00 pm sunday
Depending on the amount of your winnings, you may receive the Form W-2G which reports the amount of your winnings and the amount of tax that was withheld, if any.
In some cases, a backup withholding of 24% is required instead.
You may deduct gambling losses if you itemize your deductions.
You must be able to prove both your winnings and losses if you wish to deduct your losses.
As a self-employed individual, you will need to report your income and expenses on eFileIT Schedule C which the eFile app will automatically generate and add to your Tax Return based on the information you enter.
U.
Nonresident aliens often cannot deduct gambling losses.
H&R Block® is a registered trademark of HRB Innovations, Inc.
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