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by nandhp 3818 days ago
Well, it sounds like you'd be at least $9 million richer than you were before. And gambling losses are tax deductable, up to the amount of your winnings, so if I understand tax deductions correctly wouldn't you be taxed only on about $200 million of the cash payout?

https://www.irs.gov/taxtopics/tc419.html https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Can...