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Greektown Win Loss Statement  Form

Greektown Win Loss Statement Form

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congratulations you just won a bunch of money at the the lottery or maybe a sweep Stakes how do you report that money on your taxes in this video I'm going to show you [Music] how hey everybody my name is Justin Miller and I make videos for small businesses and individuals to help them save money on their taxes and run their business so in this video I am going to walk you through the ins and outs of reporting your gambling winnings to the IRS okay rule number one the first thing that you have to know is that all winnings whether they're from the or from the lottery they're all taxable income and in most cases if you're actually at the and you actually hit it big you're actually going to be giving right there on the spot what's called a w2g it's a W2 for your gambling winnings and this is going to actually outline all of the winnings that you need to report on your taxes so typically the is actually just going to do that for you s

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