Looks like TurboTax has a limit of 9,999,999 in the reportable winnings for a lottery on W-2G. How do enter lottery winnings over 10,000,000?
I agree see a tax attorney - this is not "do it yourself'.
I entered it 9 times to get the correct tax since their is a limit in Box 1-Reportable Winnings
Correct - you CANNOT use TurboTax - see a tax attorney, yesterday, not tomorrow. (If what you say is true)
$80 million is not much today.
After taxes you'll escape Elizabeth Warren's 2 "cents" tax on millionaires.
Paul Krugman just said on Bloomberg radio that $1.9 Trillion is not real money until you spend it at least twice.
Just don't buy Treasury notes.