Legal Question in Tax Law in California

Lotto winning overseas

If I win a lotto or lotto bond prize overseas what is the tax liability for a us resident bearing in mind that the prize will be tax paid in the country of the origion.


Asked on 6/05/07, 9:10 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Lotto winning overseas

Yoo-hoo! You didn't win the Nigerian Lottery. Nobody died and left you money. Nobody needs help withdrawing money from the bank or having their checks cashed for them. Hopefully you haven't wired the finders fee yet. ** If it's too good to be true, IT IS A SCAM **

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Answered on 6/05/07, 10:36 pm


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