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raffle winnings

Do Raffle Winners Get A 1099?

January 24, 2024 by Sophia Kim

Do Raffle Winners Get A 1099? For example, if raffle tickets are $50 and the prize is a $20,000 car, (greater than $50 x 300) then the organization would have to report the winnings to the IRS on a W-2 G. Unfortunately, it is not correct to give the prize winner a 1099. Does winning

Categories Food and Entertaining Tags gambling winnings, raffle, raffle prizes, raffle winnings, raffles

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