0 votes
14 views
asked by Question
Can I split lottery winnings with family?

1 Answer

0 votes
answered by Expert
So, if you can split the winnings among family members, you may be able to reduce or eliminate potential transfer taxes. You are subject to income tax on lottery winnings in the year you receive the prize money, not the year you win the lottery.
Welcome to All about Travel site, where you can find questions and answers on everything about TRAVEL
...