How to give lottery winnings to the family

website how to share lottery winnings with family without paying taxes The simple legal way to avoid tax on lottery winnings is to have all of the syndicate members to show up at Lotto HQ with all the documents how many poker chips for 3 players However you play your syndicate, the best way to ensure your winnings are tax-free is to set up a syndicate agreement It creates a formal document with names

how to share lottery winnings with family without paying taxes However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found  The simple legal way to avoid tax on lottery winnings is to have all of the syndicate members to show up at Lotto HQ with all the documents  He advises setting up a trust that will claim the lottery winnings, which can pay out a portion of the winnings directly to each person that the

Share

Share

Link

Turn off sharing Copy link

See all details