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Do I pay out of pocket for sports betting taxes?
So I’ve been looking around for this information but can’t seem to find it. I’m wondering if taxes that are filed through a 1099-MISC form are paid out of pocket or are these taxes filed as if I’m filing taxes from working a job?
For example; if I win $630 from sports betting (PrizePicks) do I pay that $630 out of my pocket?
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October 26, 2023
11:14 PM