Quote:
Originally Posted by SHIBUMI
Hopefully someone in the Villages wins! But what to do.......
if you have any knowledge or ideas on this please share ...........thanks, Merry Christmas
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I wouldn't put too much faith in TOTV financial advice you're getting
Gifts are generally considered taxable.
Lottery winners are not "taxed on the entire amount".
Potential taxes are withheld, but the taxes are not immediately due & payable and there are a myriad of ways to reduce your tax liability.