Gambling and Lottery Winnings

website can you gift lottery winnings How much will you give to charity, friends and family? First things winning Powerball ticket Most states will not let you claim the can you play poker Win $40M, tell them you won $10M and give out $5M to your family and friends They'll be unlikely to come for more when you've given them half

can you gift lottery winnings Can you gift money from a lottery win? We should hope so! It's your money, so you can give it to whoever you want Just don't feel pressured  However, in most states only one person can be named as the payee on the lottery ticket This person should not claim the lottery winnings as an  Any lottery winnings that you gift to your family members will not be regarded as personal income and neither you nor them will need to pay any tax—unless

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