If you won the lottery how would you secretly share the money with

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

If you won the lottery how would you secretly share the money with Stop · Resist the almost insurmountable urge to call anybody to share the news · Sign the ticket and put it in a secure place · Call your financial planner,

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

if i won a lottery So by claiming the lottery winnings as a family partnership, a winner can claim that they are not making a taxable gift, because it was a family

So you've made a pact with your friend or relative that if either of you wins, you'll split the money That solves the above problem, doesn

if you win the lottery how much can you give away tax free Consider a private bank and private banker just for your lottery and have the proceeds of your investing deposited in your regular savings

That depends on complex state laws and how you decide to take your money If you win the lottery, you'll likely be propelled into the highest