Don't bet on fooling IRS with bought losing lottery tickets

website can you claim losing lottery tickets on your taxes Q: Can I claim a prize by mail? Prizes up to and including $50,000 should be claimed by mail We recommend keeping a copy of the front and back of your ticket can you buy lottery tickets online in florida Reporting gambling profits and loss on your taxes Gambling losses can be deducted on Schedule A If you itemize your deductions, you can deduct your gambling

can you claim losing lottery tickets on your taxes For federal purposes, you can no longer claim an itemized deduction for a casualty or theft loss unless it is the result of a federally declared  Taxes on Multi-State Lottery Wins If you win the jackpot in a multi-state game, such as Powerball or Mega Millions, you'll be expected to pay  For federal purposes, you can no longer claim an itemized deduction for a casualty or theft loss unless it is the result of a federally declared

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