Great idea for a new lottery ticket on LI. (rent, house) - Long Island - New York (NY) - City-Data Forum

urbanlook · 06-07-2013, 05:13 PM

How great would this lottery game be? Multiple winners only prize - property tax bill would be paid for the next 20 years.

Peppin0 · 06-07-2013, 11:19 PM

Would we have to pay income taxes on that?

urbanlook · 06-08-2013, 04:31 AM

No free and clear

qlty · 06-08-2013, 05:54 AM

Now that its known that the Gov is reading all things on line you may be subject to an audit,be carfull of what you post

MrBitterness · 06-08-2013, 06:36 AM

Then you're essentially stuck on LI for 20 years. No thanks.

urbanlook · 06-08-2013, 07:05 AM

Yes I see you have read the fine print. You are required to reside in the residence for 20 years. For some this may be a blessing.

MrBitterness · 06-08-2013, 07:45 AM

Quote:

Originally Posted by urbanlook

Yes I see you have read the fine print. You are required to reside in the residence for 20 years. For some this may be a blessing.

Yeah, if you're under house arrest

urbanlook · 06-08-2013, 09:59 AM

Lets put a twist on this . Say the prize was transferable. Now would that be a selling point?

bigjretrac · 06-08-2013, 10:24 AM

Quote:

Originally Posted by urbanlook

Yes I see you have read the fine print. You are required to reside in the residence for 20 years. For some this may be a blessing.

Can I rent out the house and live elsewhere?

urbanlook · 06-08-2013, 10:42 AM

No !!!!! People used the star program for that . We all seen what happened with the star program.