Taxation on tournament winnings in Los Angeles for US non
Taxation on tournament winnings in Los Angeles for US non
In poker, aside from TDS of 30%, an additional % is included as Education cess tax Hence, the grand total tax for poker winning is % Is
Whether it's the slot machines or poker games, the IRS doesn't discriminate when it comes to reporting your gambling winnings How are gambling
taxes from lottery winnings Whether it's $5 or $5,000, from the track, an office pool, a casino or a gambling website, all gambling winnings must be reported on your tax return as other
taxes taken out of lottery winnings Your gambling winnings and losses are reported separately in your tax return Although the IRS is vague on this, the winnings you claim as
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