Support Center

How will the IRS know what portion of a prize a lottery club member received?

Last Updated: Jul 19, 2012 04:28PM EDT

The club is required to fill out a Substitute 5754 form prior to prize payment. On this form (which will be signed by all club members), each member's name, address, date of birth, phone numbers and Social Security number will be listed, as well as their portion of winnings before taxes. This information will be used by the Lottery to issue payments and the IRS during tax time.

At time of payment, the club members will each receive a W-2G Form, showing their portion of the prize and income tax withholding, if any. Each member then uses the W2-G Form to complete his or her yearly tax return for the year in which the prize was paid by the Lottery.

For more information about federal income taxation and club reporting responsibilities, contact the IRS at (800) 829-1040.

For state tax information, contact the Michigan Department of Treasury at (517) 636-4486.

Contact Us

  • Email Us

  • Chat with us

    Call Us: 844-887-6836




    Visit MichiganLottery.com
onlinehelp@michiganlottery.com
https://cdn.desk.com/
false
milottery
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete