Re: had the pik 4 (975 Views)
Posted by:
Edgorman (IP Logged)
Date: January 16, 2018 02:30PM
If you divide your collection by your total wager, it still exceeds 300-1, making it a taxable event. Since you collected more than 5000,they withheld 25%.
Had your ticket been a little larger, you would not have triggered the 300-1 threshold.