Instructions For Pa-20s/pa-65 Schedule T - Pennsylvania Department Of Revenue - 2012

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2012
Pennsylvania Department of Revenue
Instructions for PA-20S/PA-65 Schedule T
Gambling and Lottery Winnings
Note.
Line 1
Include the name of
General Information
the entity and the entity’s
Enter your total winnings from all
FEIN on the statement.
federal Forms W-2G.
Purpose of Schedule
Line 2
Completing the
Use PA-20S/PA-65 Schedule T to
report gambling and lottery winnings
Enter your total winnings from all
PA Schedule T
of PA S corporations, partnerships
other gambling, betting, and lottery
and limited liability companies filing
activities.
as partnerships or PA S corporations
Business Name
Include cash and the fair market
for federal income tax purposes.
Enter the complete name of the
value or stated value of property,
trips, services, etc.
entity or business as shown on the
Who Should File
PA-20S/PA-65 Information Return.
Line 3
PA Schedule T
FEIN
Total Winnings
Entities complete and submit PA-
Enter the nine-digit federal employer
Add Lines 1 and 2.
20S/PA-65 Schedule T if there are
identification number (FEIN) of the
winnings realized from gambling or
entity or business as shown on the
Line 4
lotteries other than the Pennsylvania
PA-20S/PA-65 Information Return.
Lottery. Winnings from the
Enter your total costs for tickets,
Pennsylvania Lottery are not taxable
bets, and other wagering. Do not
Line Instructions
for partnerships or S corporations.
include any expenses (travel, meals,
However, Powerball and Mega
programs, tip sheets, etc.) you
Millions tickets purchased in another
Column (a)
incurred to play a game of chance.
state are taxable to partnerships and
PA-Source Winnings
S corporations. Additionally,
Line 5
Report all taxable gambling and
proceeds from the sale of an annuity
lottery winnings from sources within
Total Gambling and Lottery
from a lottery winner are also taxable
Pennsylvania.
as Schedule D gain.
Winnings
Expenses such as travel meals
Subtract Line 4 from Line 3 in
Column (b)
and programs related to realizing
Column (a) and Column (b).
gambling income may not be
Enter the amount from Column
Total Winnings Everywhere
deducted. However, winnings and
(a) on PA-20S/PA-65 Information
Report all taxable gambling and
losses such cost of tickets and bets
Return, Part III, Line 8b.
lottery winnings from all sources,
can be offset within this income
Subtract Column (a) from Column
whether receiving a federal
class. Submit a detailed
(b) and enter the difference on PA-
Form W-2G or not.
statement/explanation of any
20S/PA-65 Information Return, Part
amount reported, including
III, Line 8a.
information such as the source of
winnings, specific amounts, etc.
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