Mar 29, 2019 · If you suddenly gained a large sum of money (several million $/€/whatever) by winning the lottery, some inheritance or anything else, how could one preserve the money so …

Dec 15, 2015 · Suppose I purchase a lottery ticket today (Dec 14, 2015) and win $25K. If I wait a few weeks and redeem the ticket after Jan 1, are the taxes due based on income in this year …

May 22, 2019 · Donating winning lottery ticket to 501 (c)3 Private Foundation: cost-basis deduction + full tax free redemption for foundation? Ask Question Asked 6 years, 6 months …

8 You've just won $20 million in the lottery. Until you figure out what do do with the cash, you want to move it to the safest place you know: US Treasury account (s). But the lottery (per the …

Jul 27, 2016 · The tax on lottery winnings is based on the state where the lottery was held, because for legal purposes that's where the winnings are considered to have been earned for …

Oct 22, 2018 · Suppose a hypothetical somebody won the lottery, but being such a magnanimous fellow, they decided to give away every penny. Would my hypothetical do-gooder still have to …

May 22, 2017 · If you and another person (or group of people) went in a pool to buy a bunch of lottery tickets, and win, how does taxation work for people who split lottery winnings? Does …

May 10, 2016 · Lottery tickets have an extremely-high likelihood of paying nothing, but in the cases where they do pay out, the returns are also extremely-high. How does this differ from …

Sep 20, 2024 · The article states that he's accepting the money on behalf of a group that purchased the tickets together. Using a Trust or LLC can let the members remain anonymous …

The difference between a lottery and a sweepstake being that to play a lottery, you have to pay to play, but sweepstakes are either completely free or require a free alternative method of entry …