Transfer of Lottery Winnings to S Corporation was Taxable Gift

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Taxes on Poker Winnings will be taxable at 30% the highest tax bracket Q- Can income tax deducted from lottery winnings be claimed as a refund?

Gifting Some of the Money to Family or Friends A lottery winner can make a gift of some of the lottery winnings This is legal only up to Gifting Some of the Money to Family or Friends A lottery winner can make a gift of some of the lottery winnings This is legal only up to

poker face images I understand that the Lottery winnings are tax free to the winner or winners Surely there are gift tax implications here and any Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income