WebJan 27, 2024 · Merv Griffin Productions reported its stated value of the car (and all of my other winnings) to both the California Franchise Tax Board and to the IRS. My total take-home from all of the prizes I ... WebApr 6, 2024 · If you win money or prizes on a game show, the winnings are taxable. The organisation that gave you the cash prise will likely send you a 1099-MISC tax form and …
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WebAug 31, 2016 · Depending on the type and amount of your winnings, the payer might provide you with a Form W-2G and may have withheld federal income taxes from the … WebJun 4, 2024 · All winnings on game shows are considered ordinary income, taxed up to 37% by the IRS. ... Combined, federal and California state taxes will put Holzhauer’s net … john wesley simcock
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