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Taxation & Estate Planning

: TaxProf Blog

Canadian Couple Who Gave $11.2m Lottery Winnings to Charity Would Have U.S. Tax Problem

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An elderly couple in Nova Scotia has given to charity 98% of the $11.2 million they won in the July 14 Canadian lottery. (They kept 2% "for emergencies and to buy lottery tickets.") If the couple lived in the United States they would have a tax problem because the $11.2...

Full post as published by TaxProf Blog on November 06, 2010 (boomark / email).

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