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• The other selections accept only Bitcoin and sometimes Ethereum and Litecoin.
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You ought to receive a copy of your Type W-2G showing the amount you won and the amount of tax withheld. Even Find out more if you do not get a Type W-2G, involve your winnings on your return. If your winnings are reported on a Kind W-2G, federal taxes are withheld at a flat price of 24%. If you didn’t give the payer your tax ID quantity, the withholding price is also 24%.


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