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Georgia Withholding on Sales or Assignment of Lottery Payments
Extracted from PDF file 2023-georgia-form-g2-lp.pdf, last modified July 2009Withholding on Sales or Assignment of Lottery Payments
Print Clear Form G2-LP (Rev. 08/29/18) Withholding on Sales or Assignment of Lottery Payments Check here if the purchase is an installment sale 1. Seller's/Assignor's Name Amended Return 2. Seller's/Assignor's Social Security or FEI Number 3. Seller's/Assignor's Address City State 4. Buyer's/Assignee's Name ZIP Code 5. Buyer's/Assignee's Social Security or FEI Number 6. Buyer's/Assignee's Address 9. Date of purchase or installment payment date ________________ 10. Winning amount ________________ 11. Purchase price or ________________ installment payment amount 12. Amount withheld ________________ Remit to: City State ZIP Code Georgia Department of Revenue Processing Center PO Box 105678 Atlanta, GA 30348-5678 7. Contact person 8. Telephone Number --------------------------------------------------------------------------------------------------------------------------------------------------------------Instructions Line 1 If more than one seller/assignor, submit a separate form for each. Line 2 Social Security Number if an individual; FEI number if a corporation or other organization. Line 3 If mailing address is a Post Office Box, also list street address. Line 4 If more than one buyer/assignee, submit a separate form for each. Line 5 Social Security Number if an individual; FEI number if a corporation or other organization. Line 6 If mailing address is a Post Office Box, also list street address. Line 7 Contact name for buyer/assignee. Line 8 Telephone number for contact person. Line 9 Date the purchase/closing took place. If the purchase is made on an installment basis, enter the date of the installment payment. Line 10 Original amount the assignor won. Line 11 Purchase price of the lottery winnings. If the purchase is made on an installment basis, enter the amount of the installment payment. Line 12 Amount withheld - 6% (5.75% for purchases on or after 1-1-19) of the total purchase price. If the purchase is made on an installment basis, enter 6% (5.75% for installment payments made on or after 1-1-19) of the installment payment amount. Remit tax by mailing this form with payment for the amount on Line 12 within 10 days of the purchase date or installment payment date. Both buyer/assignee and seller/assignor should retain copy of the form. Seller/ assignor must attach a copy of this form to their Georgia individual income tax return. NOTE: See Policy Statement IT-2010-1-27 at dor.georgia.gov for more information or contact the Withholding Review Unit at 1-877-423-6711.
Withholding on Lottery Payment Form
More about the Georgia Form G2-LP Individual Income Tax TY 2023
Form G2-LP is used to withhold the tax on the sales and commission of lottery payments
We last updated the Withholding on Sales or Assignment of Lottery Payments in February 2024, so this is the latest version of Form G2-LP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form G2-LP directly from TaxFormFinder. You can print other Georgia tax forms here.
Other Georgia Individual Income Tax Forms:
TaxFormFinder has an additional 30 Georgia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 500 | Individual Income Tax Return |
| Form G-4 | Employee Withholding |
| Form IT-511 | Individual Income Tax Booklet |
| Form 525-TV | Individual Tax Payment Voucher |
| Form 500-ES | Estimated Quarterly Tax Return |
View all 31 Georgia Income Tax Forms
Form Sources:
Georgia usually releases forms for the current tax year between January and April. We last updated Georgia Form G2-LP from the Department of Revenue in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Georgia Form G2-LP
We have a total of two past-year versions of Form G2-LP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form G2-LP
Withholding on Lottery Payment Form
2022 Form G2-LP
Withholding on Lottery Payment Form
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