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The Chip Board Archive 09

TITO TAX INFO QUESTION.

If you win a jackpot over $1200, then you will have taxes deducted and get a 1099 immediately. With TITO, what if you build up to $1200 through smaller jackpots, will you still get a 1099? Do you need to watch your winnings and cash out at under $1200 and continue to play? I know, we should all be so lucky, but I think for those heavy slot players, this could become an issue.

Mike

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