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Form W-2G for Tampa Florida: What You Should Know

Required DOCUMENTS for Florida Lottery Winners How You Should Include Information From the Lottery The first thing to do is to report all the winnings from your lottery, even if it was just a single ticket.  Then, you must add the prize you won with your lottery to your income, along with federal income tax withheld as you would with any other pay.  If you won with a lottery in the past two years, you must also use Form W-2G to report the federal or state tax withheld while you had the prize. Your total winnings from the lottery should appear in box 5 under the “Other income” section of Form W-10. After you report your lottery winnings at the start of your tax year, it only makes sense that you send Form W-8B to claim your prize. The winner of that form, along with other state or local government employees who claimed prizes in the same week will also have to report the prize winnings on their taxes, depending on how the winner uses that winnings to pay off debts or to help with other obligations. Do I need to list the name of the person with whom we won or pay for the prize in the state of Florida? (Answer from reader) Yes, you should list the name of the person who wins the prize within the area where you were able to get the prize. This includes the amount that you won, the county or city where you won, and where the prize was won. We used the website “Winning in Florida” as a reference. In the example we used, the winner is a resident in Parolee and the ticket was sold at a store in Palm Beach County. The prize is reported in box 3 with the income from the prizes. The Winner Claim Form has a place for the name of the person who wins the prize. In this example, the Winner Claim Form is for the winner of the ticket that was sold in Palm Beach. I had the Winner Claim Form listed on my last tax return, so I knew exactly who won. It is also a good idea to include the prize price that was paid, which could be up to 500 if the store was not able to give this as a cash purchase. If the store will only give prizes as gift cards, it is easy to do this on the Winner Claim Form.

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