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Did you know taxes on winnings should be reported as ordinary income? Yes, it's true Generally, the federal government taxes prizes, awards, sweepstakes,
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Lottery tax is 30% of the total value of winnings Winnings may be money, items or other benefits of a monetary value Example: A company
how to buy ohio lottery tickets online Taxpayers who won a lottery prize in excess of $10,000 prior to January 1, 2009 are not subject to gross income tax on their subsequent annuity payments 5 ) Q