can you write off lottery losses
Can You Claim Gambling Losses on Your Taxes? - TurboTax
can you write off lottery losses
website can you write off lottery losses Gambling losses You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings and losses can i buy dubai lottery ticket online While you can write off some gambling losses if you itemize, that deduction can't exceed the amount of your winnings The tax code is
can you write off lottery losses You cannot deduct more in gambling losses than you report in gambling winnings on your federal income tax return You will need records to prove If you are going to deduct gambling losses, you must have receipts, tickets, statements and documentation, such as a diary or similar record of your losses and You can deduct gambling losses up to the amount of your winnings on Form 1040, Schedule A only if you itemize your deductions You cannot claim
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