Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Taxation of Lottery Winnings

| Feb 17, 2004 | Uncategorized

TAXATION OF LOTTERY WINNINGS

A lump sum payment for the right to receive future

installments on a winning lottery ticket is taxable as

ordinary income, not capital gain, the Ninth Circuit holds.
see: http://www.TaxEsq.com

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