How to write off lottery, sports gambling losses on your taxes

can you use losing lottery tickets on your taxes
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If you itemize your deductions on Schedule A , you can deduct gambling losses you had during the year, but only up to the amount of

Gambling losses are only deductible up to the amount of your gambling winnings You can never show a gambling loss more than winnings for tax purposes Gambling

can you pray to win the lottery To deduct any losses from your eligible income, you must itemize your deductions and not take the standard deduction You can only deduct as much of your losses

can lottery winnings be direct deposited To claim a winning ticket with a value larger than $600, you must present proof of your Social Security number or Federal Tax ID number and a photo ID to prove