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Depending on the amount you win and the kind of wager you place,
you may receive a Form W-2G reporting your winnings to both you and the IRS
.
How to Pay Taxes on Gambling Winnings and Losses - TurboTax
turbotax.intuit : tax-tips : jobs-and-career : how-to-pay-taxes-on-ga...
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Generally,
if you receiveR$600 or more in gambling winnings, the payer is required to issue you a Form W-2G
. If you have won more thanR$5,000, the payer may be required to withhold 28% of the proceeds for Federal income tax.
GAMBLING INCOME AND EXPENSES - IRS
irs : pub : irs-news
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