How to File a Tax Return on Lottery Winnings

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Winning even a small lottery prize has income tax implications. You must report lottery winnings to the IRS, although it won't necessarily change how you file your tax returns unless you plan to deduct lottery losses. You may have to prepare tax forms that you haven't used in the past.

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Original Article Source Credits: Leaf Group Ltd,

Article Written By Michael Marz

Original Article Posted on : August 28, 2019

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