Quote:
Originally Posted by el presidente
Not to rain on your parade, but to qualify for having proceeds disbursed in the name of an entity (even a charitable one) from lotto officials - with no deductions, you must have had the foundation/llc/entity set up BEFORE even having purchased your ticket.
Can't do it after the fact - they'll withhold the statutory amount (usually 28%) for feds PLUS state income taxes.
Good luck!  |
I kinda figured it was too good of an idea not to have occurred to someone else, and been tried.