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Originally Posted by DogsUp
But that is how it works with your paycheck. So why should gambling winnings or any other type of winnings be any different?
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With your paycheck, you can adjust your withholdings so that the amount of tax taken out is approximately what is owed and there is little to no overpayment.
One can't do that with what you propose. Why would it be prudent to give the government interest free use of my overpayment until refund time especially if i can balance out my gains with losses?