Need help - ASAP

[robfla]

Originally Posted by TheSpyder

When you have a signer, how much do they take out? Say I win $2K, how much should I put aside or would they take?

Thanks,

Spyder

They wont take anything on 2k. You should be able to write off losing tickets versus the winner ( depends by State ).

Or you can find a beard to sign for 5-10%

[Rudeboyelvis]

Redboard Creativity = A+





Congrats Scotty! What Scav & Rob has said - on 2k they won't take anything, but they will report it to the feds you'll be on the hook for taxes (at least federal tax, plus whatever your state tax rules are) unless you have an equal amount of verifiable losses to off set the gains.