Tallying Up the Taxes on Lottery Winnings - TurboTax

Publication 140-W - FAQS: New York State Lottery Winners - winning from lottery The lottery prize payment is gambling winnings taxed as ordinary income Therefore, the payment from the third-party purchaser is considered a payment of winning lottery result ITR Form: Winnings from the lottery, puzzles, betting, etc are treated as Income from Other Sources The taxpayer should file ITR-1 (if income

winning pick 3 The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award