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Yes. Lottery winnings in Minnesota are subject to both federal and state income taxes. The Minnesota Lottery withholds certain taxes for prizes over $5,000. Check our Tax Information section for all the details. Yes, you can purchase tickets for multiple draws in advance. Check our Advanced Dr...
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The tax form used to report the income and its associated reporting threshold will vary based on the type of income paid or processed. This includes but is not limited to the following: payments received for goods and services (Form 1099-K), earned interest (Form 1099-INT), cancellation of...
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