For information on withholding gambling winnings, refer to Publication 505, Tax Withholding, and Estimated Tax. When you have gambling winnings, you may be required to pay an estimated tax on that additional income. Gambling winnings are fully taxable, and you must report the income on your tax return. Form 1040-NR, U.S. Nonresident Alien Income Tax Return. A payer is required to issue you a Form W-2G, Certain Gambling Winnings if you receive certain gambling winnings or have any gambling winnings subject to federal income tax withholding. If you’re a nonresident alien of the United States for income tax purposes and you have to file a tax return for the U.S. The number of losses you deduct can’t be more than the amount of gambling income you reported on your return.
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