Won the lottery - how do I keep the money?
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 …
united states - Are lottery winnings taxed based on the ticket date …
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 …
How does a big lottery winner cash his huge check risk-free?
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 …
taxes - If someone lives in one state and purchases a winning …
Mar 31, 2012 · Lottery winnings are payed by States/State-run corporations and as such sourced to the State that pays it. Buying a ticket in SC links you to the lottery run in that State, even if …
united states - Taxation on split lottery winnings? - Personal …
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 …
Winning the lottery and moving to save on taxes
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 …
How does gambling (like buying a lottery ticket) differ from …
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 …
international - American citizens playing foreign sweepstakes ...
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 …
united states - How long to save losing lottery tickets? - Personal ...
Jun 18, 2018 · I know I can write off losing lottery tickets (a) up to the amount of any winnings, and (b) provided I itemize my federal taxes. But does that apply only to losses in the same …
investing - Are lottery tickets ever a wise investment provided the ...
Jan 10, 2016 · If the odds of winning a lottery jackpot are one in 292 million, and the jackpot prize is expected to be greater than than $1 billion, does this make a lottery ticket a wise …