Do scratch off losses count as gambling losses?
Do scratch off losses count as gambling losses?
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can you write off lottery tickets
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Lottery Madison Headquarters Only one signature can be on the winning ticket It is recommended this person act as the sole point of
You can deduct gambling losses if you itemize your deductions on your tax return, but you cannot deduct more than the gambling income you received You'll need The Lottery Department must deduct and withhold tax at a rate of % from $5,000 or $ Example 3: B purchases a lottery ticket for $ in the state
flush in poker meaning Generally, you cannot deduct gambling losses that are more than your winnings Example: If you won $10,000 but lost $15,000 You may deduct Oregon lottery losses and other wagering losses are allowable for Oregon purposes to the extent that total wagering losses do not exceed total wagering