Partnership Claims $35 Million Florida Lotto Jackpot

Comment #3

RJOh — Fri, 30 Jan 2004 17:36:54 GMT

In Ohio winnings of small amounts can only be claimed by one person, but for jackpot amounts, more than one person can claim the prize as part of a group or pool. They are provided forms by the state for each one separate tax information and each gets a separate W-G form and has to pay taxes on his/her share of the winnings. I think most states have a similar policy, and the information is at their lottery website.RJOh

Comment #2

Bug — Fri, 30 Jan 2004 03:17:59 GMT

I think they frown upon that, and look at it as a gift and tax it again with gift tax. I wonder why the Cruz family didn't just remain anonymous? That's a no brainer for me. But back to sharing with a friend, they try and tax you twice unless you have some sort of proof of each person contributing to the purchase of the ticket.

Comment #1

tg636 — Thu, 29 Jan 2004 20:11:51 GMT

Is a partnership or trust the only way to share a single ticket? If I split a ticket with a friend, would the lottery agree to split it into 2 checks, and then is the IRS okay with each person paying separate taxes

Partnership Claims $35 Million Florida Lotto Jackpot

Lottery Post — Thu, 29 Jan 2004 19:38:58 GMT

The Florida Lottery announced today the $35 million Florida Lotto jackpot from the January 21 drawing was claimed in the name of the Cruz Family Partnership of Carol City, Florida.The members of the Cruz Family Partnership include: Euridice Cruz, Edgar Cruz, Edgar Mauricio Cruz, Maria Cruz, Andrea Cruz Munoz, Julian Cruz, and Cesar Cruz.The Cruz Family Partnership received the jackpot in one lump sum of $20,190,727.74.The winning Lotto ticket was purchased at Publix, located 18496 N.W. 67th Stre... [ More ]