ny lottery tax
Lottery sales agents and other licensees, Tax Law § 1605
ny lottery tax
ny lottery tax
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ny lottery tax The lottery will withhold state tax using the highest tax rates in effect, which is currently % The New York State Lottery is required to Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another
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