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

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter16: Property Transactions: Capital Gains And Losses

Section: Chapter Questions

Problem 5RP

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

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