An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

how to avoid tax on lottery win
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Bell: First, figure out who the real winner of the lottery is If friends or family members contributed to your lottery ticket purchases, you

Although the lump sum option protects the winner against the risk of a State becoming unable to make future payments, the installment option offers better tax

how often is the postcode lottery drawn However, many people avoid owing taxes by filing a Form 709 and subtracting any amount exceeding $17,000 from their lifetime exemption amount ($

how old to play slot machines So if you choose to deposit anything above that, your winnings will be liable to Capital Gains Tax In this scenario there are only two options