Can You Claim Gambling Losses on Your Taxes? - TurboTax

can you claim losing lottery tickets on your taxes
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Individuals and households are required to report substantial winnings This revision removes the one-time start-up burden hours that were

Generally, you report all gambling winnings on the “other income” line of Form 1040, Individual Income Tax Return 4 You can claim your gambling losses

can felons win the lottery The IRS requires you to claim your gambling winnings on your federal income taxes When you receive a Form W-2G, it will list your winnings as well as any

can you beat a slot machine Q: Can I claim a prize by mail? Prizes up to and including $50,000 should be claimed by mail We recommend keeping a copy of the front and back of your ticket