How to write off lottery, sports gambling losses on your taxes
How to write off lottery, sports gambling losses on your taxes
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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
Yes, you can deduct gambling losses in Missouri as long as they are itemized on your 1040 tax return form You should keep a record of all your So, if you claim the standard deduction, you're out of luck twice — once for losing your bet and once for not being able to deduct your gambling losses Second,
how many chips to start poker It allows people to deduct gambling losses on their taxes, but only if they itemize their deductions on Schedule A 1 In addition, the gambling So you if you find a winning lottery ticket and can't find the owner, it stands to reason that you could claim the prize connected to that ticket The same
