You'll need to sign in or create an account to connect with an expert.
Yes.
You will receive a W-2G, showing the gambling winnings and the tax withheld. The income will be added to your other income and tax calculated on your total income . The withholding will be applied to the tax calculated and will be refunded if too much was withheld.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
vgmtaga
New Member
ssedell
New Member
eknappe
New Member
wojtanowski-lukasz
Level 1
ddcnga
Level 2