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I won 1000.00 on the lotto last year do i have to pay taxes on this?

 
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I won 1000.00 on the lotto last year do i have to pay taxes on this?

Yes, you must report all winnings, whether another entity reports them to the government or not.

To enter your lottery winnings:

  1. Click Federal Taxes
  2. Then click Wages & Income
  3. Scroll down to Less Common Income and click Start next to Gambling Winnings.
  4. When it asks did you win money or prizes, click Yes.
  5. Answer Yes if you have a W-2G.  If not, click skip W-2G.
  6. Proceed with the rest of the interview.


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I won 1000.00 on the lotto last year do i have to pay taxes on this?

Yes, you must report all winnings, whether another entity reports them to the government or not.

To enter your lottery winnings:

  1. Click Federal Taxes
  2. Then click Wages & Income
  3. Scroll down to Less Common Income and click Start next to Gambling Winnings.
  4. When it asks did you win money or prizes, click Yes.
  5. Answer Yes if you have a W-2G.  If not, click skip W-2G.
  6. Proceed with the rest of the interview.


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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