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-   -   Florida lottery winnings (https://www.askmehelpdesk.com/showthread.php?t=470410)

  • May 12, 2010, 12:37 PM
    Oneill474
    Florida lottery winnings
    I know if you winIRS they take takes some money out like
    Withholding. But how is it taxed. Is there a special tax for gambling winnings. Or can the winnings be incorporated with other income earned
    At the end of the year.
  • May 12, 2010, 12:39 PM
    JudyKayTee

    If you can prove your losses you can subtract them from your winnings.

    Or just claim it as income.
  • May 12, 2010, 03:32 PM
    Fr_Chuck

    They will withhold estimated taxes out, based on your status.
    You can estimate from 25 to 30 percent withheld on larger lottery winnings.

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