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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.
What else can I help you with?
Can losing lottery tickets be a tax write-off?
Oh, dude, losing lottery tickets being a tax write-off? That's a good one! Unfortunately, losing lottery tickets are not deductible on your taxes. You can't claim them as a gambling loss unless you have actual proof of purchase and winnings. So, like, keep track of those winners, but don't count on the losers to save you come tax time.
How can you win cash 3?
spend all your money and keep hoping... you would be better off saving the money.. buying lottery tickets is like flushing the money down the toilet.
How long does a city or county keep records of unpaid speeding tickets?
Technically they can keep them forever. I have dealt with tickets from Texas that were as much as 20 years old and were showing up when the court computerized their files.
If you use the same numbers for the lottery how long will take to win the lottery?
never, the numbers keep changing.
How do you hit the lottery?
gotta be in it to win it. keep trying.
What paraphernalia is used to conduct the lottery and what attempts are made to keep the traditional ceremony?
what objects were used to conduct the lottery
Can Texas lottery winners keep anonymous?
I think yes
Who is the person you give your tickets to on Counterfeit Island?
You give you're tickets to the man inside the Internet cafe and he will let you keep 1 of the tickets.
Why does your boyfriend keep seeing the numbers 511 everywhere?
Time to play the lottery.
Do i win a prize if i have 3 Louisiana lotto numbers?
Yes, if you match three numbers in the Louisiana Lottery, you typically win a prize, although the amount can vary depending on the specific game rules and the number of winning tickets sold. It's best to check the official Louisiana Lottery website or your ticket for details on prize tiers and amounts. Keep in mind that matching additional numbers can increase your winnings.
Where are some of the places that one can keep track of the UK Lotto results?
One of the main places that one can keep track of the UK Lotto results is by going to the Lottery website. The Lottery website allows people to keep track of Lotto results for locations across the world.
If you dont pay your traffic tickets how long can they keep your lic suspended?
Until the tickets are paid and the court is satisfied.
