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If you win lotto and give some away do you have to pay tax?
The first post ;)- rugrat
- Post #11
- Forum: Accounting and Tax
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If you win lotto and give some away do you have to pay tax?
I don't know, I could make 400k stretch 5 yrs, particulary with no mortgage to worry about.- rugrat
- Post #9
- Forum: Accounting and Tax
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If you win lotto and give some away do you have to pay tax?
It mightn't be what I would do with the money - But I don't think there is anything wrong with what they have done with it. It is a winfall after all, not like it was part of their expectant retirement plan. They wanted to share what they won with those they love - nothing wrong with that. It is...- rugrat
- Post #7
- Forum: Accounting and Tax