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Reply to "I just won $1,000 playing an instant scratch lottery ticket. Should I notify my family?"
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[quote=Anonymous]"Although retailers who pay out scratch prizes worth less than $600 aren't required to report to the IRS, your winnings are still considered taxable income. It should be reported on your tax return as Other Income." http://budgeting.thenest.com/much-tax-taken-scratch-ticket-27241.html So yes, you should tell your spouse, as he or she will find out eventually so there's no point in hiding it.[/quote]
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