Schedule to be released tomorrow, May 3rd!
When accessing the W-2G menu, right below the Gambling Winnings field, there will also a new Gambling Losses field. This allows users to go ahead and enter the losses applicable to the reported winnings within the W-2G. These losses will automatically carry to Line 28 of the Schedule A and will no longer require the preparer to remember to report gambling losses later during return preparation.
Note: Any gambling winnings not reported on a W-2G, applicable losses will still be entered within the Itemized Deduction menu and will add to the total gambling losses carried from W-2G entries.
