Taxes on Prize Winnings and More!
Taxes on Prize Winnings and More!
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Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us
The answer to this question depends on whether your lottery win was public or not For example, some states in the US allow you to claim your winnings Though specific systems differ between each state, each of the 45 states (along with the District of Columbia, Puerto Rico and the Virgin
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