Tax Category for winning money W-2G

Stephen R

FYI, I was lucky to win some money at the casino on the slots. I received an IRS Form W-2G. They took out FED withholdings. This is how I set it up so my income/tax reports showed correctly.

I created a Personal Income Category titled "Casino Winnings" linked to tax form W-2G Gross Income and a second one for Personal Expense titled "Casino Fed wh" linked to tax form W-2G Fed wh. I could have done a third one for State wh if it had been needed.

Now all my tax reports and Planning Tax Center areas calculate correctly.

Hope this is helpful, Steve

Quicken Kristina

Hello @Stephen R,

Thank you for coming to the Community to share this information! Also, congratulations on your win!

Thank you!