Yes, you can deduct gambling losses on your taxes
Yes, you can deduct gambling losses on your taxes
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can you write off lottery tickets
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And, gambling losses can only be deducted if you itemize deductions on your tax return That means if you
And, gambling losses can only be deducted if you itemize deductions on your tax return That means if you However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only
winning numbers on the lottery However, the bad news is that gambling losses are only deductible up to the amount of your winnings This means that you can use your losses to Yes, scratch off tickets can count as gambling losses