Tax Rules for Gambling Income and Losses -

How long to save losing lottery tickets? losing lottery tickets tax writeoff For New York income tax purposes, gambling loss deductions are limited to the amount of gambling income reported on your return Other losing lottery tickets second chance First, you cannot deduct them without claiming any winnings For tax purposes, you can only deduct losses up to the amount of your winnings

losing lottery meme 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