Thread: Do bonuses affect taxes? (US)
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Old 08-21-2005, 08:52 PM
grinin grinin is offline
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Join Date: Mar 2004
Posts: 8
Default Re: Do bonuses affect taxes? (US)
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Is there a line for gambiling winnings? Other income?


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1040 line 21 Other income. Write in Gambling. Total all your wins and enter on this line. Losses must be entered as itemized deductions unless you file as a professional.
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