Want this question answered?
No. Your lottery winnings will be reported on your 1040 federal income tax return and the taxable amount will be subject to the income tax at your marginal tax rate.
no
According to the information at the link below your heirs are entitled to any unpaid lottery winnings.
Since winnings are the opposite of losses, your question is very confusing. Perhaps your lottery winnings were stolen. If so, you can report the theft to the police.
Yes. Both are utterly irrelevant to lottery winnings.
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
yes
Yes.
no
Taxes on lottery (or gambing, etc) winnings are the same as any other ordinary income in both amount and use.
can a convicted felon claim a mega million or powerball lottery winnings in georgia
No, you do not have to report any amount of casino, lottery, bingo....winnings in Michigan if collecting unemployment insurance...it is an unearned income.