Gambling and Lottery Winnings
Gambling and Lottery Winnings
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Lottery annuities can usually be inherited, but some companies only allow transfers after the owner's passing The remaining assets may go to the estate or a
If stocks, bonds and interest rates rise, then the lump sum winners may do better If the market tanks, people with the annuity will be smiling If the minimum guaranteed lottery prize award was reached and paid during the life of the deceased prize winner, no discounted lump sum will be available to the
scan lottery ticket on phone lottery winnings as a lump sum or in annuity payments If you die before the annuity payments are done, your spouse could inherit the annuity How does my change from a resident to a nonresident affect my New York State income tax obligation with respect to the lottery prize payment that I received as