Anonymous Lottery States 2024

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out of $40m winnings Reply reply Set up a trust, invest wisely, live low key on the interest Reply

Massachusetts allows lottery winners to claim their winnings in the name of a trust Because the trustee of a trust is the legal titleholder to property in the Yes, Lottery prizes are taxable income under federal and state law For prizes over $600, you will receive a W-2G form from the Lottery to report your winnings

織田真子 av Acceptable SSN documents include a Social Security card, Federal or State tax return, W-2 or W-2G tax statement, or a 1099 tax form Also, please come to the Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax