Florida lottery: Can Florida winners remain anonymous?

florida tax on lottery winnings
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A recent lottery winner from Florida got a LLC in Delaware and claimed his Florida lottery winnings in the LLC name They can't force him to

If it's more than $5,000 the IRS requires the Florida Lottery to withhold 24% of that total in federal withholding taxes If you don't have a In the , including Florida, lottery winnings are considered taxable income, so it's important to report them you're in

monsoon bumper lottery 2024 In the , including Florida, lottery winnings are considered taxable income, so it's important to report them you're in The prize money is subject to federal taxes Many states also tax lottery winnings, though Florida has no state income tax A Florida law