|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:additionalUSFederalTaxPossible
|
Yes
|
|
gptkbp:affects
|
Tax bracket
|
|
gptkbp:appliesTo
|
gptkb:Australia
gptkb:Canada
gptkb:India
gptkb:United_Kingdom
gptkb:United_States
Cash prizes
Casino jackpots
Game show winnings
Lottery winnings
Non-cash prizes
Raffle winnings
Sports betting winnings
Sweepstakes winnings
|
|
gptkbp:appliesToNonResidents
|
Yes
|
|
gptkbp:auditedBy
|
Yes
|
|
gptkbp:canBeFederal
|
Yes
|
|
gptkbp:canBeLocal
|
Yes
|
|
gptkbp:canBeOffsetBy
|
Gambling losses (in US, with itemization)
|
|
gptkbp:canBePaidAs
|
gptkb:Annuity
Lump sum
|
|
gptkbp:canBeState
|
Yes
|
|
gptkbp:canBeSubjectToDoubleTaxation
|
Yes
|
|
gptkbp:canBeSubjectToGiftTaxIfTransferred
|
Yes
|
|
gptkbp:canBeSubjectToStateResidencyRules
|
Yes
|
|
gptkbp:examplesOfNoTaxStates
|
gptkb:California
gptkb:Florida
gptkb:Texas
gptkb:Washington
gptkb:Wyoming
|
|
gptkbp:filingMethod
|
Annual tax return
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Lottery Tax
|
|
gptkbp:IRSCodeSection
|
gptkb:IRC_Section_3402(q)
gptkb:IRC_Section_74
|
|
gptkbp:leviedBy
|
gptkb:government
|
|
gptkbp:notTaxedAs
|
Capital gains (in US)
|
|
gptkbp:rateType
|
Flat or progressive
|
|
gptkbp:reportingFormUS
|
gptkb:W-2G
|
|
gptkbp:requiredToReport
|
Yes
|
|
gptkbp:someStatesNoTax
|
Yes
|
|
gptkbp:stateTaxRateVaries
|
Yes
|
|
gptkbp:subjectToPenaltiesForNonReporting
|
Yes
|
|
gptkbp:subjectToTreatyRelief
|
Sometimes
|
|
gptkbp:subjectToWithholding
|
Yes
|
|
gptkbp:taxedAs
|
Ordinary income (in US)
|
|
gptkbp:taxedOn
|
Total winnings
|
|
gptkbp:taxedWhen
|
Received
|
|
gptkbp:valuationOfNonCashPrizes
|
Fair market value
|
|
gptkbp:withholdingRateUSFederal
|
24%
|
|
gptkbp:bfsParent
|
gptkb:101st_Amendment_(2016)
|
|
gptkbp:bfsLayer
|
5
|