|Posted: June 8, 2012, 12:38 am - IP Logged|
Here are some things I've always wondered about. Some have probably been asked before, so please forgive the repeat.
1) If someone won the PB, and bought 10 houses for random family members, is there still some kind of gift tax taken?
2) Does laminating a winning ticket make it void?
3) If you have a lotto group with, say 4 people, can each of the four groups share the claim with others?
4) How does gift tax work? Do they monitor you if you take out large sums of money from your bank account after a big win?