Did you like how we did? Rate your experience!

Rated 4.5 out of 5 stars by our customers 561

Award-winning PDF software

review-platform review-platform review-platform review-platform review-platform

Form W-2G for South Carolina: What You Should Know

Report the gaming winnings on line 14 of your Form 1040, line 25 of your Form 1040A, line 31 of Forms 1040NR, or line 32 of Form 1040NR-EZ. Use lines 1 to 21 of Form 1040 to enter the amount of your winnings, and enter your social security tax withholding son line 1. To enter a W-2G to make sure that all of your withholding has been reported for you, use the “Other withholding” area of Form W-2G. If withholding amounts are not available, you can use Form 1099–G, General Information Return, to figure your withholding due. If these forms do not include enough information to report your tax withheld on line 12, it is better to use Form 1040 or Form 1040NR. The gambling winnings need to be entered manually on Form W-2G, which will not automatically report the winnings by the 1040th day. Use the table below to calculate the amount of tax that should have been paid to the state of South Carolina to cover the required Social Security and Medicare withholding, depending on the winnings you reported on the W-2G. The winnings reported on the W-2G should be entered in the “Amount of WINNERS” column. The total winnings entered (in both boxes) should be entered as a negative number. Do this for all the winnings entered on the W-2G, including the winnings reported on a Form 1099-G. If an amount is withheld through any other reporting method, the amount should be entered as a negative number. To be sure that there is not missing or incorrect information on your W-2G, add the amount in the “Amount of WINNERS” column to the amount entered on the form. This can help ensure your information is correct and accurate. The amount in the “Other withholding” column should not include any amount for non-business income tax withholding for withholding by your state; income tax withholding from the casino; social security taxes; withholding from the nonresidents that provided you the winnings — if any. If your state withhold Social Security and Medicare taxes on the prize pay (line 13), you should have entered 0 on column A in the “Other withholding” column. If the amount is withheld from the casino (line 14), enter 0 on column A and 2 on column D in the “Amount of WINNERS” column.

Online methods assist you to arrange your doc management and supercharge the productiveness within your workflow. Go along with the short guideline to be able to complete Form W-2G for South Carolina, keep away from glitches and furnish it inside a timely method:

How to complete a Form W-2G for South Carolina?

  1. On the web site along with the sort, click Commence Now and go to your editor.
  2. Use the clues to complete the suitable fields.
  3. Include your personal info and contact data.
  4. Make certainly that you simply enter right knowledge and numbers in ideal fields.
  5. Carefully verify the articles from the type in addition as grammar and spelling.
  6. Refer to aid portion for those who have any queries or tackle our Assistance team.
  7. Put an digital signature on your Form W-2G for South Carolina aided by the enable of Indicator Instrument.
  8. Once the form is completed, push Finished.
  9. Distribute the all set variety by means of e-mail or fax, print it out or help save on the product.

PDF editor allows you to make adjustments with your Form W-2G for South Carolina from any world-wide-web connected equipment, personalize it in line with your requirements, indication it electronically and distribute in several methods.