If someone lives in one state and purchases a winning lottery ticket

California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the lottery, any prize awarded by the

Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment

casino montreal poker It is important to file tax returns reporting your winnings and pay taxes owed to avoid interest and penalties There is a 5 percent per month

casino in san jose with slot machines Generally, inherited lottery winnings are not taxable in California since there is no federal or state inheritance tax in California