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If you win over 100000 dollars from an organization in another country do you have to pay taxes on it?
Updated: 9/11/2023
Wiki User
∙ 18y agoBest Answer
Yes. Earnings while a resident of the US are taxable by the US. Source is generally not relevant. (Consider, lots of US business/people make their livings on activities done else where). It is true if you remain out of the country for more than (I believe it is) 1 year, your earnings made by efforts out of the country during that time, up to a certain amount, (I believe it is 75K), are not taxable.
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∙ 18y agoThis answer is:
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