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#1
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![]() $600 to $4,999 winnings per wager, no withholding, just a W2G issued.
$5,000 and up, 25% withholding automatically taken by the track or ADW and a W2G issued. |
#2
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![]() Quote:
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We've Gone Delirious |
#3
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![]() If you hit for say 30k and they witthold 25%, but you can claim losses at the end of the year for 30k, should you expect to be getting money back in tax returns or paying more taxes?
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#4
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![]() I'm pretty sure you have the choice for them to withhold or not between $2000 and $4999. A few years ago I hit a tri for $6000 on my phone acct. When I called for my next bet I thought I got ripped off for $1500.
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"After a shooting spree, they always want to take the guns away from the people who didn't do it. I sure as hell wouldn't want to live in a society where the only people allowed guns are the police and the military."...William S. Burroughs |