Tallying Up the Taxes on Lottery Winnings - TurboTax

Tallying Up the Taxes on Lottery Winnings - TurboTax if i win the lottery how much can i give to family You won! Many people dream about winning the National Lottery Some even start imagining how they might spend or invest the money if they did win but if i win the lottery how much goes to taxes The entire amount will be taxable at a flat rate of % For example, if you were to win a prize of ₹4 lakh at a contest and your annual

if i win the lottery how much goes to taxes Groups, families, clubs or organizations can designate one individual or legal entity to receive a prize payment, or if the prize amount won is $5,001 or

if i won the lottery there would be signs In July 2013, before their divorce was final, Richard won the $80 million Mega Millions jackpot The arbitrator ruled and the Michigan Court Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us