Video: Guide to IRS Form W-2G Certain Gambling Winnings
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Video: Guide to IRS Form W-2G Certain Gambling Winnings
When is a W-2G issued? A W-2G is issued for gambling winnings that meet or exceed certain thresholds. For example, if you win more than $600 from a casino, lottery, or other gambling activity, and the amount is at least 300 times your wager, you'll receive a W-2G. The tax rules around gambling winnings vary, so use this guide to familiarize ...
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