Do you have to pay taxes on money won at NC, VA casinos?
Do you have to pay taxes on money won at NC, VA casinos?
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Generally, you cannot deduct gambling losses that are more than your winnings We do not tax California Lottery or Mega millions Visit
You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings and losses The amount of losses 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
mi lottery 4-digit evening past 30 days 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 If you are able to itemize your deductions, gambling losses can be reported can only deduct up to the amount of your gambling winnings) To report