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Old 02-10-2014, 01:51 PM   #10
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
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Join Date: Dec 2000
Location: KS
Casino cash: $11047037
Quote:
Originally Posted by vailpass View Post
You'd spend a large amount in gift taxes that way...
That's why you pick a family member to split the ticket with before claiming it.

Like you hear how a group of people won together

If it was a big amount won then i would probably say my father and sister won the lottery with me. Save gifting tax issues later by splitting the initial prize.

Then i know my immediate family is taken care of and don't tell anyone else.
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