lottery gift tax
Lottery prize money or gambling winnings
Expect to pay taxes on the gift if you exceed your lifetime gift limit People have successfully split lottery wins in the past, but you'll have
Gift Tax Relief Legislation: Joint Hearing Before the Subcommittee lottery gift tax
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In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government
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