Lottery Winnings Valued as Annuities

Business Valuation Update BVLaw
Legal and Court Case Update
March 5, 1999

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estate and gift taxation
TAM 199909001

Summary

The Internal Revenue Service concluded in this technical advice that future lottery payments a partnership was due to receive should be valued by reference to the actuarial tables in section 20.2031-7(b)(6).

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TAM 199909001

Full Text of Court Cases
March 5, 1999

The Internal Revenue Service concluded in this technical advice that future lottery payments due to be received by a partnership should be valued by reference to the actuarial tables in section 20.2031-7(b)(6), and the present value of the payments should ...