Tax planning for lottery winners

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They are not offset against gambling losses, which can be used to reduce gambling winnings but not other income A nonresident alien cannot

In the , lottery winnings are taxed as income as long as you make enough money to be taxed Here's some ways not to owe taxes on a Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

三浦惠里子 Just remember that your good fortune includes a responsibility to pay taxes and fees on those winnings Gambling Winnings: In 2018, Governor 3 Establish a Trust: Setting up a trust can be a smart strategy to protect your lottery winnings from excessive taxation By placing