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JohnnyRoyale · 12-08-2004, 07:52 PM

If you win in a lottery, you should get a w2-G (certain gambiling winnings) when you get a check. How much you get taxed depends on where you live. In Mass, where I am, if the winning amount exceeds 5,000, the taxes are (sometimes) automatically withheld. When you get the check, look at boxes 1 and 14 on the W2-G, that shows how much of your check was automatically givento "the man".

Here's a link to some info:

http://www.bankrate.com/brm/itax/tips/20010131a.asp

12-08-2004, 07:52 PM	#9 (permalink)
JohnnyRoyale Psycho Location: Boston, MAss., USA	If you win in a lottery, you should get a w2-G (certain gambiling winnings) when you get a check. How much you get taxed depends on where you live. In Mass, where I am, if the winning amount exceeds 5,000, the taxes are (sometimes) automatically withheld. When you get the check, look at boxes 1 and 14 on the W2-G, that shows how much of your check was automatically givento "the man". Here's a link to some info: http://www.bankrate.com/brm/itax/tips/20010131a.asp __________________ I'm gonna be rich and famous, as soon I invent a device that lets you stab people in the face over the internet.