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Get your taxes done using TurboTax
So - in theory, if you leave the date blank, and combine all the winnings through the year - aren't you then required to divide up those winnings quarter by quarter - to calculate any penalty. In other words, if you won say 100,000 on Jan 1 2024 - you would theoretically be responsible for en estimated tax payment. If you won on 12/31/2024, you would not. If you take all of the winnings throughout the year - how is this handled?
March 9, 2025
10:47 AM