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Winning a Big Ticket Item: Tax Question
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look 171
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Join Date: Mar 2004
Location: Los Angeles
Posts: 17,697
Even if you had the money to pay the tax on it, turn around and sell it at fair market value. The IRS will get you again for that total capital gain, another 400K+.
Anyone know if we have to pay CA tax or MA, I am interested too.
09-29-2013, 10:58 AM
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