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

how to claim losing lottery tickets on your taxes
➡️【Mk.com】✅Enjoy live casino games✅, online slots, and more. Our app is designed to provide a seamless, high-quality gaming experience...  You would be able to deduct $800 of gambling losses, which includes $300 of slot losses plus $500 of the $600 of lottery losses Your total how does lottery work “To deduct your losses, you must keep an accurate diary or similar record of your gambling winnings and losses and be able to provide receipts,

how to claim losing lottery tickets on your taxes The Internal Revenue Service allows you to deduct gambling losses if you're a casual gambler who doesn't work in the gambling industry   First, you cannot deduct them without claiming any winnings For tax purposes, you can only deduct losses up to the amount of your winnings   He submitted that Section 115BB is a special provision to tax the income earned by way of winning lottery Its nature may be business income, but it is liable

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