How to claim a prize
How to claim a prize
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Before officially claiming your prize, you must decide how you want to receive it You have two choices: a single lump sum payable all at once or an annual
The winning lottery ticket can be deposited into the trust as an anonymous donation The trustee will have full discretionary powers to manage the prize money Lottery prizes are considered earned income by the federal government The Lottery is required to report any single prize of over $600 to the IRS If the prize
play slot machines for free While you must appear in person to claim the jackpot, sixteen states allow winners to remain anonymous 2 Be choosy about who you tell about Powerball taxes: Lump sum payout or annuity? If anyone wins the Powerball or another lottery prize, they can choose to receive the payout in one of two ways
