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Therefore gambling winnings are taxable income. When you win money gambling at Florida casinos, card rooms, racetracks or elsewhere, or if you win while playing the Florida Lottery, you'll find that sometimes money will be withheld from your winnings before you receive them. If you have more than one W-2G, add up all Box 1 figures. The total from "Other Income" on your Schedule 1 also goes into Line 8 of your actual return, IRS Form 1040. If that doesn't work, it doesn't alleviate your responsibility to report and perhaps pay taxes due on your gambling winnings. Withholding requirements are determined by which state you bought the ticket in, not which state you live in. As a group, designate one person to handle this job. It isn't uncommon at all for casinos and lotteries to grant prizes that are items instead of cash. high quality imitation bags
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