In other says, sweepstakes casinos usually impose minimal age restrictions from 18 otherwise 21
Silver Money instructions and you may sweepstakes losings aren’t deductible facing winnings if you don’t itemize and the loss try linked with the fresh new same prize activity. The fresh W-2G form employed for conventional gambling profits cannot apply at sweepstakes redemptions because they are technically prize earnings unlike gambling winnings around taxation rules.
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