Form an LLC for Lottery Winnings?

Ga 473 ; Harward v St Clair , etc , Levee , etc , Co , 51 Ill 130 Taxes

Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling

gates of olympus casino slot However, large estates, such as those belonging to lottery winners, are often subject to federal estate tax and, where applicable, to state-level estate taxes

games casino slot Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,