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Level 1
Jun 1, 2019 5:50 AM UTC
Solved

Lottery winnings

can my husband give me the winnings as a gift in the stat of GA the amount is 25,000.00?
Answer
Jun 1, 2019 5:50 AM UTC

Yes, he can give you his lottery winnings.  But even if he does, the lottery prize is taxable income that must be reported on his tax returns.  

1 reply

Answer
Jun 1, 2019 5:50 AM UTC

Yes, he can give you his lottery winnings.  But even if he does, the lottery prize is taxable income that must be reported on his tax returns.