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Form W-2G online WV: What You Should Know

Ohio resident wins at Wheeling Downs Casino from Jan. 10, 2023 – May 29, 2018. May I file Form W-2G? No. How do I report tax withheld? — West Virginia casino winners can expect to receive 100,000 to 200,000 in state taxes and another 5,000 to 10,000 a year in federal taxes withheld. All state and federal taxes must be claimed on Form WV-1098 before you can file your tax return. If a resident wins in other states as well, the state income tax on other sources of winnings must be reported. This will be an additional source of state and federal taxes on winnings on Form W-2G and could result in an increase in tax owed. May I claim gambling winnings on my state and federal income tax return if I am an Ohio resident? — Yes. May I claim gambling winnings on my West Virginia state income tax return if I am an Ohio resident? — No. Where do I report my winnings from casino games? — The Form W-2G must include all winnings from the table games, video poker and roulette. May I claim any winnings from a slot machine at the casino for federal tax purposes? — In general, slot machine winnings must be reported on each wager. May I report gambling winnings on my federal state income tax return? — Yes. May I report any winnings from a slot machine at the casino for state tax purposes? — No. May I report any winnings from a slot machine at the casino for federal income tax purposes? — No. May I claim gambling winnings on my Ohio state tax return? — Yes, if it is for tax purposes only. How do casino winnings affect my state tax obligation? — There is a 200,000 minimum federal income tax due, even though the winnings may not exceed a 100,000 minimum. What state must I list as the name of the casino in which I am playing? — The state does not have to list the name of the casino. What state is responsible for all federal gambling winnings from W-2G? — The IRS. May I report winnings from table games on Form 990? — No. The state must report all winnings on Form WV-1098.

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