LogFAQs > #962148729

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Topic	What's the biggest prize you've won?
Dantezoid 01/28/22 9:17:27 AM #52:	Forceful_Dragon posted... Over a certain dollar amount the casino is required to issue you a 1099-G and it's generally a better idea to have a good chunk of tax withheld immediately from the winning as opposed to promising yourself you wont spend it all only to owe 30% of it to the government later lol. It's not the dollar amount, its the odds on the bet - I a really got two forms, since I got paid the jackpot and the actual suckered bet separately. The sucker bet was like a 800 bucks payout --- Boring and mundane signature informing you I'm on a Droid Now with more bold! Less italics due to bold. <cite>Dantezoid posted [p:962148729] in What's the... [t:79872217]...</cite> <quote>Forceful_Dragon posted... </cite> <quote>Over a certain dollar amount the casino is required to issue you a 1099-G and it's generally a better idea to have a good chunk of tax withheld immediately from the winning as opposed to promising yourself you wont spend it all only to owe 30% of it to the government later lol.</quote> It's not the dollar amount, its the odds on the bet - I a really got two forms, since I got paid the jackpot and the actual suckered bet separately. The sucker bet was like a 800 bucks payout --- Boring and mundane signature informing you I'm on a Droid Now with more bold! Less italics due to bold.</quote> ... Copied to Clipboard!
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