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  1. All you have to do is put $1,000 on Line 21 "Other income" of your Form 1040. If you itemize deductions and you have gambling losses, you may deduct up to $1,000 on Schedule A. This would wipe out...

    8 Answers · Business & Finance · 16/11/2009

  2. ...on it. This works out such that you will pay state income tax on the lottery win at the higher of the MI and IL rates. You are not double taxed, however.

    1 Answers · Business & Finance · 26/10/2009

  3. ...'d pay a hair under 35% in Federal income taxes, plus 3% for IL . 25% will be withheld for Federal income taxes, but that ...

    4 Answers · Business & Finance · 29/08/2009

  4. Usually unemployment comp, lottery winnings, or a state tax refund from the previous year. If the amount...

    9 Answers · Business & Finance · 22/01/2009

  5. You definitely need to claim it, call the Dept of Revenue for Illinois and see if you can get a copy of it.

    3 Answers · Business & Finance · 08/08/2011

  6. ... Ahmadinejad and Kim Jong Il are pursuing these weapons this ... kind of like psychics wining the lottery . If they were really able to predict the ...

    2 Answers · Business & Finance · 20/10/2008

  7. ...basically correct, but actual requirements vary by state. For example in IL the tax buyer has to issue required notifications to the...

    2 Answers · Business & Finance · 30/10/2011

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