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Old 05-04-2009, 05:56 PM
jwkniska's Avatar
jwkniska jwkniska is offline
Fairgrounds
 
Join Date: Jun 2007
Location: Mt. Prospect, IL (AP)
Posts: 1,578
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I think the auto takeout starts at $5k. you'll still get a 1099-G but won't have to do anything until you fill out your taxes next year.

person ahead of me in line at Arlington hit a $2 exacta and didn't get any taken out then... only the 1099-G

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Mine wasn't a signer, only a future ticket that for some reason or other wasn't in the system at the time, so had to see the supervisor for my 9-5 field bet from pool 1.
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