Support CenterSch A Line 16 for W2G Gambling Losses in SureFire
1040 Sch A Line 16.
If you have only one item to list on this line and there is no supporting form on which to enter it, then enter the type of deduction in the Type field and the amount in the Amount field.
If either of the following applies, you must link to the NEW Other Deducts - Schedule A Line 16 Other Deductions statement from the Type or Amount field and enter all items on the statement:
Note:
The expense type can only be the following and must be spelled exactly as it appears and is case sensitive:
SCHEDULE K-1
Form 4684
Form 4797
Form 2106
W2G losses
If you are not using the statement, SureFire calculates the following amounts to the ***Amount field:
Gambling losses that you enter on Form W-2G, but not more than the amount of gambling winnings reported in box 1 of Form W-2G.
Casualty and theft losses of income-producing property from Form 4684, lines 35 and 41b, or Form 4797, line 18a.
Federal estate tax on income in respect of a decedent from the Beneficiary's K-1 worksheet.
Other deductions, portfolio, from the Partners and Shareholders K-1 worksheet.
Impairment-related work expenses of a disabled person from Form 2106 or 2106-EZ.
For more details on these and other deductions not subject to the 2% limit, see Publication 529, Miscellaneous Deductions.
If you are using the statement, you must manually enter on the statement each amount from supporting forms. Otherwise, they are not included on line 28.
Additional Information
Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Sch A Lnea 16 para prdidas de juego (Gambling) W2G en SureFire
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