Illinois department of revenue gambling winnings

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• gambling or lottery winnings in Illinois paid to an Illinois resident, usually reported to a payee on Form W-2-G, or • the purchase of the rights to Illinois lottery winnings, usually reported to the purchaser on Form 1099-MISC. However, there are some situations that do not require you to withhold Illinois Income Tax. IL-5754, Statement by Person Receiving Gambling Winnings Illinois Department of Revenue IL-5754 Statement by Person Receiving Gambling Winnings IL-5754 (R-12/05) Note: Give your completed and signed form to the person who pays you the winnings. Who must complete this form? You must complete Form IL-5754 if you receive payment of Illinois lottery or Iowa Tax on Gambling Winnings | Iowa Department of Revenue Residents or Part-year Residents of Iowa. If you itemize, you may claim gambling losses as a miscellaneous deduction on Iowa Schedule A. However, this deduction cannot be more than your winnings. For example, if your gambling winnings for the year are $1,000, your deduction for gambling losses cannot exceed $1,000. Gambling Winnings - Iowa Income Tax/Withholding | Iowa Payers of winnings from horse racing, dog racing, bingo games, and lotteries must report winnings of more than $600 to the Internal Revenue Service and the Iowa Department of Revenue by filing form W-2G. Winnings of $1,200 or more from slot machines are reported on form W-2G.

Illinois Department of Revenue Form IL-941-A Illinois Yearly ...

Illinois Department of Revenue Illinois Department of Revenue Office· of Local Government Services Sales Tax Exemption Section, 3-520 101 W. Jefferson Street Springfield. IL 62702 217 782-8881 January 2, 2015 WESTERN ILLINOIS UNIVERSITY BUSINESS SERVICES SH 216 1 UNIVERSITY CIRCLE MACOMB IL...

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DOR: Reporting Your Gambling Winnings If you've recently won some cash at the casino or racetrack, read this blog post from the IN Department of Revenue to find out what federal, state and ... Gambling Winnings Fact Sheet 1104 - Wisconsin GAMBLING WINNINGS WHAT YOU SHOULD KNOW ABOUT THE TAXATION OF GAMBLING WINNINGS IN ... state revenue department for the specific requirements in the state where you ... Topic No. 419 Gambling Income and Losses | Internal ... Topic Number 419 - Gambling Income and Losses. ... A payer is required to issue you a Form W-2G.pdf, Certain Gambling Winnings, ...

the decision of the Illinois Department of Revenue (Department) that the Byrds ’ gambling winnings for tax years 1999, 2000, 2001, and 2002 are taxable income under Illinois law and that their gambling losses for those years are not deductible under Illinois law.

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