can you use losing lottery tickets on your taxes
New Jersey Lottery Questions and Answers -
can you use losing lottery tickets on your taxes
can you use losing lottery tickets on your taxes
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can you use losing lottery tickets on your taxes Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable As per the IRS “You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings For example, if you purchase a $ ticket that has a prize of $5,, taxes would not be automatically withheld because the gross proceeds are less than