https://www.lotterypost.com/thread/64371 Lottery Post Forum Topic: Don't validate your Powerball Ticket en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/64371/86409 https://www.lotterypost.com/thread/64371/86409 Sat, 21 Dec 2002 00:28:24 GMT Bradly_60 That is true! If you want something to go on next years taxes wait until January! This happened in my family. As soon as you validate your ticket that is the time they use that you claimed it! So wait if you want to.

]]> Bradly_60 https://www.lotterypost.com/thread/64371 https://www.lotterypost.com/thread/64371 Fri, 20 Dec 2002 22:39:49 GMT Thomas Covenant I am not sure, but I read somewhere that the IRS considers that you have received your lottery winnings at the moment you validate your winning ticket. The lottery commission takes 27% off the top of your check for federal taxes. But that's not all you owe. The total tax bill will be 38.6% due on april 15. If you win on Sat you won't have time to get your money into any tax free or tax deferred investments before the end of the year. It might be best to wait until Jan 1 2003 to validate. That wa... [ More ]

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