jimmyp
Joined: 16 May 2006
Posts: 1
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 Posted:
Tue May 16, 2006 6:17 pm Post subject:
tv show prize money |
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Hello, I was recently fortunate to win 100,000 dollar prize from a reality
show. I haven't recieved the check yet but I plan on getting it in the next
couple weeks. My question is what steps can i take to 'protect' the largest
proportion of the money from taxes? I am 22 years old and this is my only source of income this past year. Is there any way I can give non-taxable gifts to family members or something similar to that? Thanks - Jim
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