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Old 05-04-2009, 08:38 PM
sdjcom's Avatar
sdjcom sdjcom is offline
Oaklawn
 
Join Date: Oct 2007
Posts: 2,163
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they are suppose to ask if you have identical tickets to combine, same amt,bet , race etc.. then they will withhold if over 5k, now if you cash on seperate days you can get out of taxes up front but they will catch it when you send copies of 1099 along with return, they probably won't do anything since you did declare , but bad idea on your part,they might flag you and watch your gambling winnings close, iv' been thru it. and all irs withholdings is handled this way state laws have nothing to do with it.
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