Lottery Legal Considerations

llc or trust for lottery winnings
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Set up an LLC or trust While it might be impossible to use an LLC to claim the actual prize, once you move to a new place you can buy your home and all of

It's not uncommon for winners to claim their prizes through an LLC or a trust This year alone, two other Mega Millions jackpots were claimed by Most people dream of winning the lottery, but few ever beat those long odds and cash in LLC to remain anonymous However, the man

online poker for fun The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes winning Powerball ticket Most states will not let you claim the LLC and have been licensed for use to S&P Opco, LLC and CNN