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Hokie CPA

Joined: 10/28/1999 Posts: 79477
Likes: 9047


Yes. Give away your chunk the year you win it and it


becomes a deduction on that year's tax return, reducing your taxable income and the amount of tax you owe. You should get back a portion of the tax they withheld from your winnings.
[Post edited by Hokie CPA at 10/17/2018 10:27AM]

(In response to this post by EDGEMAN)

Posted: 10/17/2018 at 10:20AM



+1

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