GAMBLING WINNING WITHHOLDING

Realize there a various levels tax reporting(W2G) on gambling winnings in a casino. What requirements make it mandatory for the casino to withhold taxes on the winnings.?

I have seen slot winnings with nothing is withheld and some there is withholding.

Are there different requirements if a social security is or not shown?

tks all

bw

Reply to
bh2os62
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Start reading on page 23 (the numbered page, not the 23rd page in the pdf file) of this document from the Joint Committee on Taxes.

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...and page 22 of the following document relating to Native American Tribal gaming operations:

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The documents are from 2010 and 2012 but I believe they are still current.

Reply to
Alan

I should have added... you can find more information in the instructions for completing Form W2-G used by issuers.

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Reply to
Alan

Tks Alan, not a simple task as table game jackpots vs. slot jackpots create some confusion.

bw

Reply to
bh2os62

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