Gambling winnings must be reported to the IRS, but withholding of taxes on winnings is never required.

Question

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Withholding of taxes on gambling winnings may be required in certain situations, such as if they exceed a certain threshold amount or if the winner does not provide their taxpayer identification number. It is important to consult a tax professional for guidance on reporting and withholding requirements for gambling winnings.

Gambling Winnings Must Be Reported to the IRS, but Withholding