What happens if I have a lottery or gambling win?

California - Subtractions--Lottery Winnings california taxes on lottery winnings Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The california lottery number All lottery winnings are subject to Federal taxation (automatically reported ^ $ Million Powerball Jackpot Hit, Winning Ticket Sold in California (

california hot spot lottery strategy Now, here's the good news for all you Golden State lottery champs: California itself doesn't tax lottery winnings! That's right, you get to keep all your