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can you claim lottery losses on taxes

I have Turbo Tax Deluxe, and need to report Gambling losses Can I

I have Turbo Tax Deluxe, and need to report Gambling losses Can I

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can you claim lottery losses on taxes

I have Turbo Tax Deluxe, and need to report Gambling losses Can I can you claim lottery losses on taxes Betting and gambling wins are not assessable under section 6-5 of the ITAA 1997 and losses are not deductible under section 8-1 of the ITAA 1997, unless you are canada slot machines Remember, casual gamblers can only claim losses as itemized deductions on Schedule A up to the amount of their winnings Be careful if you're deducting losses

canada slot machines 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

can you buy lottery tickets online in tennessee Paid in Installments If you received lottery installments in 2016, these are treated as gambling winnings, and if you itemize deductions, you may deduct any You can deduct your losses on gambling to include lotteries, raffles, horse racing, casino games, poker games and sports betting, according to

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