If a Lottery Prize Winner Transfers the Prize to a Qualified

question 43

True/False

If a lottery prize winner transfers the prize to a qualified government unit or nonprofit organization, then the prize is excluded from the winner's gross income if the amount of the prize does not exceed 30% of the winner's AGI.

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Definitions:

Forward

To send a message or document on to another recipient or location, often used in the context of email.

Acknowledge

To admit the existence of a situation or fact, often implying a recognition of a claim or issue.

Reply All

An email function that allows the sender to respond to all the original recipients of a particular message.

Message List

A display in email or messaging applications that shows a list of received, sent, or drafted messages.