Gambling taxes in your winnings are no longer exempt. If you occur to are a U.S. citizen you owe Uncle Sam a section, regardless if won right here or in a foreign country. The IRS considers all gambling winnings taxable earnings, even though it be an quantity that does no longer bag reported to the IRS by the payer, love that $20 recall on a scratch off phrase, or a lucky $250 when your numbers hit, even a $1,000 jackpot in your favourite slot machine. Sadly, gambling taxes are due.
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