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March Madness: surely you're paying your taxes on your winnings?

March 30, 2009

It's a problem I'm not likely to face, but because somebody has to win these NCAA pools, somebody will have some taxable winnings. And yes, the winnings are taxable, even if you don't get a 1099.

Will you winners report yours? Tax Grrrl is conducting a poll. So far it doesn't look like the NCAA tournament is going to do much to close the budget deficit.

Tags: Tax Grrrl.

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