Gambling and Lottery Winnings

PA Lottery & Gambling Winnings Tax Calculator & Info losing lottery tickets tax writeoff A gambling loss deduction will reduce an individual's tax liability if there are enough itemized deductions listed under Schedule A of the losing lottery tickets tax writeoff Some folks appear to be buying and selling old, losing lottery tickets on Craigslist with the intention of writing them off on their tax returns

losing lottery tickets second chance While you can write off some gambling losses if you itemize, that deduction can't exceed the amount of your winnings “The tax code is very