Quote:
Originally Posted by timchar
In California anything over 600.00 is subject to federal tax. No state tax on lottery winnings.Tim
|
Not exactly. California does not tax lottery winnings
from the California Lottery, but it does tax winnings from lotteries held
in other states. It is considered "miscellaneous income" and must be declared on your state returns. It's treated just like income earned from working in another state.