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How many years can you keep lottery tickets for a tax write off if you win?
Wiki User
∙ 15y ago
You can take an itemized deduction for gambling losses only in the year you made the wager. Your deduction cannot exceed taxable gambling wins.
For example, on your 2008 return, you can only deduct lotto tickets purchased in 2008 and only if you collected a taxable gambling win in 2008.
Wiki User
∙ 15y ago
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