Are lottery winnings taxed based on the ticket date or the redemption

does lottery winnings count as income
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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

State Income Taxes on Lottery Winnings Eight states do not tax lottery winnings — but the tax rate on lump-sum or annuity payments varies in the others  As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to

cách chơi poker online If so, you must include its fair market value when figuring your income Reporting gambling profits and loss on your taxes Gambling losses can be If you are awarded lottery winnings, an inheritance, or other form of unearned income, your Social Security benefits could be affected