Do you pay taxes on lottery winnings that happened in the US?

are lottery winnings taxable in canada
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lottery winnings of any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement

But you might wonder if your chosen recipient has to pay tax on any gifted lottery winnings The answer is no — so you can happily gift some of

arena poker room Conversely, lottery winnings come about purely by chance, making them exempt from traditional income tax, at least in Canada This differentiation is crucial in

are lottery winnings taxed The IRS considers lottery winnings as gambling winnings and taxes the income the same as other types of ordinary income This means you'll pay