Are Lottery Winnings in a Foreign Country Taxable in the US?
lottery prize is not exempt The federal requirements to file information returns and withhold federal income tax from gambling winnings
Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous federal income tax on lottery winnings lottery prize is not exempt The federal requirements to file information returns and withhold federal income tax from gambling winnings federal income tax on lottery winnings Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
federal lottery taxes income tax if the prize payment is includable in your federal adjusted gross income The lottery prize payment is gambling winnings taxed as ordinary income
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