Lottery Annuities

Lottery Annuities can lottery annuity be inherited How long do I have to choose between taking the annuity or the lump sum for the Powerball andor Mega Millions andor Lotto America can lottery annuity be inherited How does my change from a resident to a nonresident affect my New York State income tax obligation with respect to the lottery prize payment that I received as

can lottery annuity be inherited “Some lotteries will cash out an annuity prize for an estate, to make it easier for the estate to distribute the inheritance and to pay

candy crush poki lottery winnings as a lump sum or in annuity payments If you die before the annuity payments are done, your spouse could inherit the annuity Lotteries automatically withhold 25 percent of payments for federal taxes but that may not be enough In 2013 the top federal income tax rate is percent