Lottery Tax Planning for a Billion Dollar Drawing

how to avoid taxes on lottery winnings
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Where to invest your lottery winnings · Savings accounts · Bonds · Bonds · Funds · Stocks · Fixed Annuity

How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by On the other hand, if you want to avoid a hefty tax bill, consider splitting your winnings into annual payments For example, let's say you decided to take your

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