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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 140. Income Tax Withholding
12/26/2024

23VAC10-140-283. Lottery winnings; forms and reporting.

A. Federal. The Lottery Department shall report every lottery prize of $600 or more on Form W-2G. Form W-2G must be prepared and filed in accordance with the regulations promulgated by the Internal Revenue Service.

B. State. The Lottery Department shall file Virginia state income tax withholding returns in accordance with § 58.1-472 of the Code of Virginia. The Lottery Department shall report state withholding amounts on proceeds in excess of $5,000. The Lottery Department shall not be required to report any prize of less than $600.

Statutory Authority

§§ 58.1-203 and 58.1-4006(B)(1) of the Code of Virginia.

Historical Notes

Derived from VR630-6-4006 § 4, eff. November 21, 1990.

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